Jyske Realkredit's Annual Financial Report 2019
- Jyske Realkredit's Annual Financial Report 2019 (PDF)
- Investorpresentation Annual Financial report 2019 (PDF)
- Jyske Bank's Report on Risk and Capital Management 2019
Profit before tax amounted to DKK 1,434m (2018: DKK 1,262m, inclusive of effects of DKK -407m derived from IFRS 9) corresponding to a return of 7.8% on average equity (2018: 7.5%).
Net profit for the year amounted to DKK 1,117m (2018: DKK 999m, inclusive of effects of DKK -317m derived from IFRS 9) corresponding to a return of 6.1% on average equity (2018: 6.0%).
Core profit amounted to DKK 1,434m (2018: DKK 1,669m).
Core expenses amounted to DKK 310m, falling by 58% relative to 2018, and this decline can chiefly be attributed to the new intra-group settlement model.
Impairment charges affected core profit by an expense of DKK 35m (2018: an income of DKK 38m before recognition of effects derived from IFRS 9, which amounted to an expense of DKK 407m).
At the end of 2019, the capital ratio and the core capital ratio amounted to 23.1% (end of 2018: 22.1%).