News Column

Sydbank’s Interim Report – Q1 2014

April 29, 2014

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. Copyright © 2014 OMX AB (publ).

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Source: OMX

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