Sydbank — Earnings Release 2011

Aug 16, 2011

Sydbank A/S / Half-yearly Results

16.08.2011 13:29

Dissemination of a UK Regulatory Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.

Aabenraa, Denmark, 2011-08-16 13:29 CEST (GLOBE NEWSWIRE) -- Summary

The Sydbank Group recorded a pre-tax profit of DKK 181m. The result is adversely affected by a provision for the Deposit Guarantee Fund in connection with the bankruptcies of Amagerbanken and Fjordbank Mors.

The return on average shareholders' equity before tax of 3.8% p.a. is not satisfactory in absolute terms albeit acceptable given the current market conditions.

The Group continues to project core earnings before impairment charges for loans and advances in the region of DKK 1.7-2.0bn in 2011 - unchanged compared with previous announcements.

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News Source: NASDAQ OMX

16.08.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

Language: English
Company: Sydbank A/S

Denmark

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ISIN: DK0010311471
Category Code: IR
LSE Ticker: 0G6U
Sequence Number: 866
Time of Receipt: Aug 16, 2011 13:29:19

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