Dating back to 1851, Nykredit ( en, New Credit) is one of
Denmark
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's leading
financial services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, ...
companies with activities ranging from
mortgage
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any ...
, retail and
investment banking
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with ...
to
insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
,
leasing
A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial ...
and
fixed income trading
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* ''Fixed'', an upcoming 2D adult animated film directed by Genndy Tartakovsky
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and
asset management
Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...
.
The Nykredit Group is the largest lender in Denmark and one of the major private bond issuers in
Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...
.
* 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.
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
*
Nykredit Architecture Prize The Nykredit Architecture Prize is the largest Danish architecture prize. Founded by the Nykredit Foundation (an arm of the Nykredit Group), it is awarded annually to a person, or group of people, who have personally, or through their work, made a ...
References
{{Reflist
External links
Nykredit.dk- Official Danish website.
Nykredit.com- Official English website.
Companies based in Copenhagen Municipality
Financial services companies based in Copenhagen
Cooperative banking in Europe
Danish companies established in 1885
Schmidt Hammer Lassen buildings