Nykredit
Dating back to 1851, Nykredit (English: New Credit) is one of Denmark's leading financial services companies with activities ranging from mortgage, retail and investment banking to insurance, leasing and fixed income trading and asset management.
 | |
 Nykredit headquarters The Crystal | |
| Type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1985 |
| Headquarters | , |
Key people | Michael Rasmussen, CEO |
| Products | Banking, mortgages, pension |
| DKK 8.76 billion (2019) | |
| Total equity | DKK 84.36 billion (2019) |
Number of employees | 3,500 |
| Website | www.nykredit.com |
The Nykredit Group is the largest lender in Denmark and one of the major private bond issuers in Europe.
- Group profit before tax: DKK 3,205m (2012)
- Market share of mortgage banking: 43% (2012)
- Market share of commercial banking: 5.7% (2012)
In 2003 Nykredit bought Totalkredit, a mortgage lending institution whose products are distributed by 103 regional and local banks.
In 2008 Nykredit bought Forstædernes Bank and merged it with Nykredit Bank.
In 2014 Nykredit lost a principal case at the Danish Supreme Court regarding service fees.[1]
In February 2016 Nykredit faced public outrage among their customers due to significantly increased service fees.
On 9 September 2016 The Danish Consumer-ombudsman filed a police report regarding misleading marketing of service fees conducted by the subsidiary company Totalkredit.
Subsidiaries
Nykredit today has the following wholly owned subsidiaries:
- Totalkredit A/S
- Nykredit Bank A/S
- Nykredit Mægler A/S
- Nykredit Ejendomme A/S
See also
References
- "Danish Supreme Court". Archived from the original on 6 July 2017.
External links
- Nykredit.dk - Official Danish website.
- Nykredit.com - Official English website.