Interim Financial Report Q1-Q3 2026
28.10.2026
For the first nine months of 2026, Jyske Realkredit generated a net profit of DKK 1,732m against DKK 1,773m in the corresponding period of last year.
Administration margin income amounted to DKK 1,999m in Q1-Q3 2026 against DKK 2,004m for the same period of 2025. A larger loan portfolio had a positive impact on income, while lower average administration margin rates had the opposite effect.
Other net interest income declined to DKK 497m from DKK 546m in the first nine months of 2025, primarily due to lower interest rates during the first nine months of the year.
Net fee and commission income amounted to DKK 72m against DKK 88m in Q1-Q3 2025. Higher fee income from lending activity was more than offset by higher sales commission paid to Jyske Bank.
Value adjustments, etc. amounted to DKK 115m and were in line with the level recorded in the same period last year. Value adjustments primarily relate to Jyske Realkredit's bond portfolio.
Expenses increased to DKK 353m from DKK 339m in the corresponding period last year. The increase was attributable, among other things, to higher contributions to the Resolution Fund, higher costs under the intra-group service agreement, and sector-wide salary increases.
Loan impairment charges amounted to an income of DKK 11m against an expense of DKK 14m in Q1-Q3 2025. Write-offs and other credit impairment charges remained low, and the total balance of impairment charges declined to DKK 1,029m at the end of September 2026 from DKK 1,079m at year-end 2025.
Jyske Realkredit's balance sheet total stood at DKK 418.4bn at the end of September 2026, compared with DKK 414.5bn at year-end 2025 and DKK 411.7bn at the end of September 2025.
Nominal mortgage lending increased by DKK 11.3bn during the first nine months of the year, from DKK 395.5bn at the end of 2025 to DKK 406.8bn as at 30 September 2026, corresponding to growth of 2.9%. Of the increase, DKK 10.0bn related to personal customers and DKK 1.3bn to corporate customers. Relative to 30 September 2025, nominal mortgage loans rose by DKK 14.1bn or 3.6%.
At 30 September 2026, Jyske Realkredit’s capital ratio amounted to 29.4% (end of 2025: 27.4%) calculated on the basis of a capital base of DKK 29,849m (end of 2025: DKK 28,524m).