Sydbank — Earnings Release 2013

Oct 30, 2013

Sydbank A/S / 3rd Quarter Results

29.10.2013 13:26

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, 2013-10-29 13:26 CET (GLOBE NEWSWIRE) -- The Sydbank Group has recorded a profit before tax of DKK 616m. 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 8.0% p.a. on average shareholders' equity. The result is characterised by:

• -- 4% decrease in core income
• -- 24% decrease in trading income
• -- Unchanged costs (core earnings)
• -- DKK 225m decline in impairment charges for loans and advances
• -- Investment portfolio earnings of DKK 277m
• -- Unchanged bank loans and advances of DKK 67.4bn
• -- 7% increase in deposits to DKK 68.1bn
• -- Core capital ratio, incl hybrid core capital, of 16.5%.

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News Source: NASDAQ OMX

29.10.2013 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: QRT LSE Ticker: 0G6U Sequence Number: 1733 Time of Receipt: Oct 29, 2013 13:26:27

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