Nykredit's profit falls despite rising interest income

Nykredit reported a slight decrease in earnings for the first half of 2026, with profits falling to approximately 5.9 billion Danish kroner compared to nearly 6.3 billion kroner in the first half of 2025. This decline is detailed in the company's financial statements released Wednesday morning.

However, the group's revenue from interest and fees saw a substantial increase. Interest income rose by about 20 percent to 7.7 billion kroner in the first six months of the year. Fee income also experienced a significant jump, increasing by approximately 36 percent.

Nykredit's CEO, Michael Rasmussen, described the first-half results as "very satisfactory" and announced an upward revision of the company's full-year earnings forecast. The group now expects an annual result between 11 and 11.75 billion kroner, an increase from the previous forecast of 10.25 to 11.25 billion kroner.

Rasmussen attributed the improved outlook to continued growth, customer acquisition, increased lending, and expanding market shares across Nykredit's core businesses. He noted that while global economic uncertainties persist due to trade policies, geopolitical tensions, and energy supply disruptions, the Danish economy appears robust, supporting Nykredit's growth expectations for 2026.

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The half-year result and the upgrade reflect that we have had continued growth, customer acquisition, increased lending, and growing market shares across the group's core business in the first half year.