Nykredit Bank A/S Due Diligence

Run due diligence on Nykredit Bank A/S: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Forenet Kredit f.m.b.a. (Denmark) · www.nykredit.dk · 32 vendors

Nykredit Bank A/S is one of Denmark's largest financial institutions, offering a full range of banking, mortgage (realkreditlån), savings, investment, pension, and insurance products to private individuals and businesses. It is part of the Nykredit Group and is uniquely owned by Forenet Kredit, a customer association, meaning profits are returned to customers through member benefits. The group is headquartered in Nordhavn, Copenhagen.

Resilience scores

Digital Sovereignty: 38
Digital Resilience: 8
Financial Resilience: 9

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Services catalogue

5 services in catalogue across 3 categories; runs on 32 sub-vendors.

Nykredit Integration
Personal Data Processing
NETBANK

Insights

Last updated 2026-09-13 · revision 23

32 direct vendors, 273 subvendors

Direct vendors by controlling owner country (sample)

Japan: 2
Czech Republic: 1
Australia: 1

Subvendors by controlling owner country (sample)

Belgium: 6
Sweden: 13
United Kingdom: 9

Compliance

12 in-scope frameworks identified; showing 3.

Financials

Three-year financials

2024: revenue DKK 7,890M, EBIT DKK 4,487M, equity DKK 40,253M
2023: revenue DKK 7,849M, EBIT DKK 4,425M, equity DKK 36,808M
2022: revenue DKK 6,091M, EBIT DKK 2,573M, equity DKK 33,518M

Financial Resilience Score: 9/10

Nykredit Bank A/S demonstrates exceptional financial resilience, underpinned by a CET1 capital ratio of 27.7% at end-2024 — far above its 10.7% internal capital adequacy requirement — and a total capital ratio of 27.8%. The bank is a designated Danish SIFI with high external credit ratings (S&P A+ Stable, Fitch A+ Stable, Resolution Counterparty AA−) and top-tier ESG ratings (MSCI AAA, Sustainalytics Low Risk). Liquidity is very strong with an LCR of 229% and a Supervisory Diamond liquidity benchmark of 246.8%, both well above regulatory minimums. Asset quality is excellent: 2024 recorded a net impairment reversal of DKK 175 million, reflecting the healthy Danish economy and prudent credit standards. Earnings power has grown substantially, with profit before tax rising from DKK 2.0bn (2020) to DKK 4.6bn (2024) and equity growing 54% over five years to DKK 40.3bn, entirely from retained earnings. The bank benefits from diversified income streams (46% net interest, 34% wealth management, 20% other) and mutual ownership via Forenet Kredit, which supports long-term stability. Parent Nykredit Realkredit provides intercompany capital support (~DKK 18bn deposit to meet MREL). Key risks include declining net interest income as rates normalise (guidance for 2025 net profit is DKK 3.0–3.5bn, below 2024), concentration in Danish finance & insurance sector exposures, geopolitical provisioning of DKK 586m, and integration risk from the parent's Spar Nord merger. Overall, the combination of superior capitalisation, liquidity, ratings and asset quality justifies a very high resilience score.

Key strengths: CET1 ratio 27.7% and total capital ratio 27.8%, far above regulatory requirements, High credit ratings: S&P A+ Stable, Fitch A+ Stable, Resolution Counterparty AA−, LCR of 229% and Supervisory Diamond liquidity benchmark of 246.8%, Net impairment reversal of DKK 175m in 2024, reflecting strong asset quality, Danish SIFI status with mutual ownership via Forenet Kredit, Diversified income (46% NII, 34% wealth management, 20% other), Equity grew 54% over 5 years to DKK 40.3bn via retained earnings, Parent Nykredit Realkredit provides ~DKK 18bn intercompany MREL support, Top-tier ESG ratings (MSCI AAA, Sustainalytics Low Risk)

Risk factors: Declining net interest income as ECB/Danish rates normalise (2025 profit guided lower at DKK 3.0–3.5bn), Concentration in Danish finance & insurance sector (DKK 50.4bn exposure), Largest single non-financial exposure of DKK 3.7bn temporarily above internal DKK 3bn limit, DKK 586m provisions for sectors exposed to geopolitical tensions, DKK 81m provisions for ESG physical and transition risks, Legacy derivatives residual exposure, Model/valuation risk with ~DKK 494m in post-model management adjustments, Integration risk from parent Nykredit Group merger with Spar Nord in 2025–2026, Geographic concentration: ~96% of income from Denmark

Revenue by geography

Denmark: 96%
Luxembourg (Sparinvest): 4%

Revenue by product/service

Wealth Management: 29%
Corporates & Institutions: 29%
Personal Banking (Retail): 23%
Business Banking (Retail): 22%
Group Items: -3%

Workforce by country

Denmark: 989
Luxembourg: 40

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