Sydbank A/S
CORRECTION: Sydbank’s Interim Report – Q1 2017
Sydbank A/S / 1st Quarter Results Aabenraa, Denmark, 2017-05-03 11:25 CEST (GLOBE NEWSWIRE) — Updated PDF-attached
Strong trading income, high investment portfolio earnings and continued high credit quality ensure very satisfactory start to 2017 Sydbank has delivered a highly satisfactory performance for the first three months of 2017 and continues the positive trend. Trading income as well as investment portfolio earnings are at a very high level for the first quarter. Impairment charges have declined by 71% compared to the first quarter of 2016. The Bankâs loans and advances have effectively increased by DKK 0.4bn adjusted for the effect of the amended agreement concerning the funding of mortgage-like loans. CEO Karen Frøsig comments on Sydbankâs Q1 result:
CEO Karen Frøsig elaborates:
Q1 2017 â highlights
Outlook for 2017
Additional information Jørn Adam Møller, CFO, tel +45 74 37 24 00 Dan Prangsgaard, Head of Communications, tel +45 21 54 18 74 Karen Frøsig, CEO, Bjarne Larsen, Deputy Group Chief Executive, and Jørn Adam Møller, CFO, will present the Interim Report today at 10.00 (CET) at a teleconference. The teleconference will be held in Danish and may be attended via www.sydbank.dk/omsydbank Danish attendees are invited to call 70 22 35 00. International attendees are invited to call +44 207 57 21 187. Please quote the following code: 88937669# Click on, or paste the following link into your web browser, to view the associated documents https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=629368 https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=629354
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Sydbank A/S |
Denmark | |
ISIN: | DK0010311471 |
Category Code: | QRF |
TIDM: | 0G6U |
Sequence No.: | 4138 |
End of Announcement | EQS News Service |