Sydbank — Earnings Release 2014

Apr 30, 2014

Sydbank A/S / 1st Quarter Results

30.04.2014 08:27

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

30.04.2014 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:

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

E-mail:

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