In H1 2025, KommuneKredit reported a profit before value adjustments and tax of DKK 338 million, with an increase of DKK 108 million from the previous year, primarily due to property sales. Comprehensive income was DKK -139 million, an improvement from DKK -212 million. Net interest and fee income rose to DKK 439 million.

The total value of loans and leases increased by DKK 4.5 billion to DKK 198.588 billion at the end of H1 2025. Common Equity Tier 1 capital declined from DKK 10.188 billion to DKK 10.004 billion. The new funding model, with the government purchasing bonds, led to lower funding costs and reduced loan prices, resulting in anticipated annual savings of DKK 1 billion.

Despite negative value adjustments of DKK -516 million in H1 2025, KommuneKredit maintains an equity ratio of 4.0 percent, meeting the Board of Directors’ target. The outlook for 2025 includes a revised net interest income expectation of DKK 650 million and higher net lending expectations of DKK 2.0 billion. Profit for the year is expected to be DKK 500 million before value adjustments and tax.

Read more at GlobeNewswire: KommuneKredit announces Interim Report for first half 2025