To the editor Communications
Tel. +45 45 14 56 95
30 October 2012







Net profit of DKK 1,582 million for the first nine months of 2012


Realkredit Danmark today published its interim report for the first nine months
of 2012. The report is available at www.rd.dk. Highlights are shown below:


-- The Realkredit Danmark Group recorded a net profit of DKK 1,582 million in
the first nine months of 2012, against DKK 1,290 million in the first nine
months of 2011.


-- Total income amounted to DKK 3,797 million, up 20% from DKK 3,165 million
in the first nine months of 2011.


-- Expenses were down 6% because of lower expenses for operation and
development of IT systems.


-- Impairment charges totalled DKK 1,022 million in the first nine months of
2012, against DKK 739 million a year earlier, reflecting higher charges for
small and medium-sized businesses. The charges equalled 0.19% p.a. of total
mortgage lending, against 0.15% p.a. in 2011.


-- The delinquency rate, calculated as the proportion of due payments
remaining unpaid 3½ months after the last due payment date, stood at 0.53%
at the end of the first nine months of 2012, against 0.46% at the end of
2011.


-- The total capital ratio calculated in accordance with the Capital
Requirements Directive was 35.7%, against 35.8% at the end of 2011.


-- In connection with changes in its rating methodology, Fitch Ratings placed
mortgage-covered bonds issued from capital centre T on rating watch
negative with a new expected rating of AA+. Issues from capital centre S
will not be affected by the changes.


-- As stated in Annual Report 2011, Realkredit Danmark overall expects a
higher profit in 2012 than in 2011.





Carsten Nøddebo, CEO, says:

“We are pleased to see that an increasing number of customers choose loan types
that offer more financial security. The percentage of very short-term FlexLån®
loans of gross lending has thus come down from 32% to 12% over the past three
quarters. At the same time, the number of new interest-only loans has fallen
substantially.”






Contact:

Carsten Nøddebo, Chief Executive Officer, tel. +45 45 13 20 82.