Sydbank — Earnings Release 2013

Apr 30, 2013

Sydbank A/S / 1st Quarter Results

01.05.2013 08:28

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, 2013-05-01 08:28 CEST (GLOBE NEWSWIRE) -- The Sydbank Group has recorded a profit before tax of DKK 184m. The result is considered acceptable given the trend in the economy. The performance meets the expectations at the beginning of the year. Profit before tax equals a return of 7.3% p.a. on average shareholders' equity. Compared to the same period in 2012, Q1 is characterised by

-- 3% decline in core income
-- 21% decrease in trading income
-- Slight increase in costs (core earnings) (rise in the contribution to the Deposit Guarantee Fund)
-- Increase in impairment charges for loans and advances of DKK 52m to DKK 349m
-- Investment portfolio earnings of DKK 87m
-- Contributions to industry solutions of DKK 15m
-- Unchanged level of bank loans and advances
-- Rising level of deposits
-- Core capital ratio, incl hybrid core capital, of 15.3%.

Click on, or paste the following link into your web browser, to view the associated documents

https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=430913

News Source: NASDAQ OMX

01.05.2013 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

DÄ=nemark

Phone:
Fax:
E-mail:
Internet:
ISIN: DK0010311471
Category Code: QRF
LSE Ticker: DG6U
Sequence Number: 1440
Time of Receipt: May 01, 2013 08:28:00

End of Announcement
DGAP News-Service