Sydbank — Earnings Release 2013

May 1, 2013

News Details

UK Regulatory | 1 May 2013 08:28

Interim Report – Q1 2013

Sydbank A/S / 1st Quarter Results

01.05.2013 08:28

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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%.

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Language: English
Company: Sydbank A/S

                Dänemark

Phone:
Fax:
E-mail:
Internet:
ISIN: DK0010311471
Category Code: QRF
LSE Ticker: 0G6U
Sequence Number: 1440
Time of Receipt: May 01, 2013 08:28:00

End of Announcement DGAP News-Service

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