Nordea marks down Danish mortgages by €29 million

House price declines mark ominous signal for other supercharged markets

Nordea marked down Danish fair-value mortgages by €29 million ($28.4 million) in the third quarter, the result of a correction in property values that bodes ill for other red-hot markets in the Nordic region.

The Finnish group said it modelled a lower value for the portfolio following a fall in house prices in Denmark. It was the largest negative adjustment since at least Q4 2019, when the bank first started disclosing separate figures, and only the second-largest after a €1 million markdown

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here