Type Private Key people Michael Rasmussen, CEO Website www.nykredit.com Founded 1985 | Industry Financial services Number of employees 4,100 Headquarters Copenhagen Parent organization Nykredit Holding A/S | |
Products Banking, mortgages, pension CEO Michael Rasmussen (1 Sep 2013–) Subsidiaries Totalkredit A/s, Nykredit Bank A/S Profiles | ||
Nykredit designing financial interaction
Dating back to 1851, Nykredit (English: New Credit) is one of Denmark's leading financial services companies with activities ranging from mortgage, retail and investment banking to insurance, leasing and fixed income trading and asset management.
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The Nykredit Group is the largest lender in Denmark and one of the major private bond issuers in Europe.
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.
The nykredit case
Subsidiaries
Nykredit today has the following wholly owned subsidiaries: