Total profits before tax for mortgage-credit institutions decreased to DKK 8.2 bn. in 2013 against DKK 9.0 bn. in 2012. This decrease is particularly attributable to negative developments in net fee income and increased impairment charges, whereas net interest income has increased.
Net fee income fell from minus DKK 1.6 bn. in 2012 to minus DKK 2.4 in 2013. This development is attributable to a decrease in the fee and commission income of mortgage-credit institutions due to lower refinancing activity in 2013.
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