# Interim Financial Report for 1st half of 2019

20.08.2019

- Interim Financial Report for 1st half of 2019 (PDF)
- Solvency Need Report 1st half 2019 (PDF)
- Investorpresentation 1st half 2019 (PDF)

Pre-tax profit: DKK 770m in the first half of 2019 (first half of 2018: DKK 378m) corresponding to a return of 8.5% p.a. on average equity (first half of 2018: 4.8% p.a.).

Net profit for the period amounted to DKK 601m (first half of 2018: DKK 312m) corresponding to a return of 6.7% p.a. on average equity (first half of 2018: 3.9% p.a.).

Core profit amounted to DKK 770m (first half of 2018: DKK 784m).

Core expenses amounted to DKK 157m, falling by DKK 218m relative to the first half of 2018, and this decline can chiefly be attributed to the new intra-group settlement model.

Ordinary impairment charges had a negative effect on core profit by DKK 17m (first half of 2018: DKK 62m).

At the end of the first half of 2019, the capital ratio and the Core tier 1 capital ratio amounted to 21.9% (end of the first half of 2018: 22.1).