Nykredit A/S

Nykredit A/S (or Nykredit Group) is the largest lender in Denmark with a market share of over 30%. It is also one of Europe's largest bond issuers. The company provides a wide range of products and services including retail and wholesale banking, mortgages, insurance and pension products, debt management, leasing and asset and wealth management. Nykredit's business is conducted through Nykredit Realkredit, which operates through subsidiaries including Nykredit Bank, Totalkredit, Sparinvest Holdings and Nykredit Mægler. Nykredit Realkredit acquired 96.5% of Spar Nord Bank A/S on May 28, 2025, following a recommended voluntary public tender offer that closed on May 20, 2025, and obtained the remaining shares through voluntary and compulsory acquisition by July 31, 2025; the Spar Nord share was delisted from Nasdaq Copenhagen on July 23, 2025. Spar Nord Bank A/S was merged into Nykredit Bank A/S on April 1, 2026, with Nykredit Bank as the continuing company. Forenet Kredit is the main shareholder of Nykredit A/S, holding 78.9% of the shares, with a consortium of five Danish pension companies holding 16.9% and other shareholders 4.2%. As of June 30, 2026, Nykredit Group had total assets of DKK 2,053 billion, mortgage lending at fair value of DKK 1,524 billion, bank lending excluding reverse repurchase lending of DKK 183.8 billion, deposits excluding repo deposits of DKK 222 billion and equity of DKK 115.5 billion. Profit for the first half of 2026 was DKK 5,869 million. The company was established in 1851 and had an average of 5,419 full-time-equivalent employees over that period, against an average of 4,885 in 2025.

Nykredit Group structure:
Nykredit Realkredit A/S
Nykredit Bank A/S
Totalkredit A/S
Nykredit Portefølje Administration A/S
Sparinvest Holdings SE (61%-owned)
Nykredit Mægler A/S (real estate brokerage agency)

Spar Nord Bank A/S, acquired in 2025, was merged into Nykredit Bank A/S on April 1, 2026. Nykredit Ejendomme A/S no longer appears among the group's significant subsidiaries in the Nykredit A/S interim report for the first half of 2026.

Nykredit Bank A/S Credit Ratings

Head office address:
Sundkrogsgade 25
Nordhavn
Copenhagen, 2150
Denmark
Phone number: +45 70 10 90 00
www.nykredit.com