Sydbank — Earnings Release 2014

Apr 30, 2014

News Details

UK Regulatory | 30 April 2014 08:27

Sydbank’s Interim Report – Q1 2014

Sydbank A/S / 1st Quarter Results

30.04.2014 08:27

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Aabenraa, Denmark, 2014-04-30 08:27 CEST (GLOBE NEWSWIRE) --
Q1 performance

(Comparative figures for Q1 2013 are shown in brackets)

Profit before tax amounted to DKK 331m (DKK 184m). This includes an income of
DKK 148m concerning the sale of Nets.

-- Income rose to DKK 1,141m - an increase of 2% compared to Q1 2013 and 9%
compared to Q4 2013. Deposits and loans and advances have gone up since the
turn of the year and the Bank is experiencing a continued inflow of new
clients.
-- Costs (core earnings) rose to DKK 704m (DKK 661m) as a result of the
acquisition of DiBa Bank.
-- Impairment charges fell to DKK 319m (DKK 349m) after an extraordinary
review of small exposures.

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Language: English
Company: Sydbank A/S

                Dänemark

Phone:
Fax:
E-mail:
Internet:
ISIN: DK0010311471
Category Code: QRF
TIDM: 0G6U
Sequence Number: 2023
Time of Receipt: Apr 30, 2014 08:27:34

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