14 March 2018
Annual Report 2017
Danmarks Nationalbank's accounts for 2017 show a loss of kr. 254 million, compared with a profit of kr. 3,928 million in 2016. Much of the loss is attributable to the fact that a large part of the foreign exchange reserve earns negative interest.
The financial result for 2017 was a profit of kr. 0.5 billion. The equity exposure contributed kr. 1.0 billion, while interest on deposits provided interest income of kr. 1.4 billion. Furthermore, the euro strengthened a little against the krone, resulting in a positive exchange rate adjustment of kr. 0.6 billion, while interest expenses amounted to kr. 2.4 billion since a large part of the foreign exchange reserve earns negative interest. A fall in the price of gold measured in kroner meant that the value of the gold stock was adjusted downwards by kr. 0.3 billion.
Since the result for the year was negative, no allocations will be made to the central government for the financial year 2017.
Election of new Chairman and election to the Board of Directors and the Committee of Directors
The Board of Directors has elected Professor Christian Schultz as the new Chairman of the Committee of Directors and the Board of Directors. He replaces Søren Bjerre-Nielsen, who steps down after 19 years, the last 11 as Chairman.
CEO Per Bank has been elected to the Committee of Directors, while Anne Hedensted Steffensen, Director General and CEO, has been re-elected to and elected as Deputy Chairman of the Board of Directors. CEO Jens Bjørn Andersen has been elected to the Board of Directors.
Enquiries can be directed to Ole Mikkelsen, press consultant, tel. +45 3363 6027.