Financial results 2019
“The financial results for 2019 were as expected. Customer activity was at a good level in Denmark especially due to high remortgaging activity. We also saw a good customer development and lending growth across our other core markets. However, low interest rates, margin pressure, higher impairments and increased costs due mainly to investments in compliance and AML-related activities had a negative effect on the result.
A number of extraordinary items also had an impact, positive as well as negative, on the results, but all in all, our financial performance remains under pressure."
Chief Executive Officer