Sydbank — Report Publication Announcement 2011

Aug 16, 2011

News Details

UK Regulatory | 16 August 2011 13:29

Interim Report – First Half 2011

Sydbank A/S / Half-yearly Results

16.08.2011 13:29

Dissemination of a UK Regulatory Announcement, transmitted by
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The issuer is solely responsible for the content of this announcement.

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Aabenraa, Denmark, 2011-08-16 13:29 CEST (GLOBE NEWSWIRE) --
Summary

The Sydbank Group recorded a pre-tax profit of DKK 181m. The result is
adversely affected by a provision for the Deposit Guarantee Fund in connection
with the bankruptcies of Amagerbanken and Fjordbank Mors.

The return on average shareholders' equity before tax of 3.8% p.a. is not
satisfactory in absolute terms albeit acceptable given the current market
conditions.

The Group continues to project core earnings before impairment charges for
loans and advances in the region of DKK 1.7-2.0bn in 2011 - unchanged compared
with previous announcements.

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associated documents

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News Source: NASDAQ OMX

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Language: English
Company: Sydbank A/S

                Dänemark

Phone:
Fax:
E-mail:
Internet:
ISIN: DK0010311471
Category Code: IR
LSE Ticker: 0G6U
Sequence Number: 866
Time of Receipt: Aug 16, 2011 13:29:19

End of Announcement DGAP News-Service

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