Sydbank — Earnings Release 2013

Aug 21, 2013

Sydbank A/S / Half-yearly Results

21.08.2013 08:28

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

Aabenraa, Denmark, 2013-08-21 08:28 CEST (GLOBE NEWSWIRE) -- The Sydbank Group has recorded a profit before tax of DKK 502m. The result is considered satisfactory given the trend in the economy. The performance meets the expectations at the beginning of the year. Profit before tax equals a return of 9.8% p.a. on average shareholders' equity. The result is characterised by:

• -- 4% decline in core income
• -- 4% decrease in trading income
• -- Unchanged costs (core earnings)
• -- DKK 301m decline in impairment charges for loans and advances
• -- Investment portfolio earnings of DKK 284m
• -- 2% increase in bank loans and advances to DKK 67.8bn
• -- Slight rise in level of deposits
• -- Core capital ratio, incl hybrid core capital, of 16.2%.

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News Source: NASDAQ OMX

21.08.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English Company: Sydbank A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010311471 Category Code: IR LSE Ticker: 0G6U Sequence Number: 1603 Time of Receipt: Aug 21, 2013 08:27:55

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