To The Copenhagen Stock Exchange
15 August 2007
Interim Report 2007 for Spar Nord Bank
Pre-tax profits up 39% to DKK 465 million and earnings revision upward
• Annualized 26.7% pre-tax return on equity
• Net interest income up 10% to DKK 544 million
• Net income from fees, charges and commissions up 11% to DKK 259 million
• Costs increased by 10% to DKK 627 million
• Core earnings before impairment up 10% to DKK 354 million
• DKK 78m writedowns on loans and advances (net) carried to income
• Core earnings up 30% to DKK 432 million
• Satisfactory DKK 33 million earnings from investment portfolios
• Sustained strong growth in net customer intake
• Bank lending up 26% and deposits up 13%
• Business volume up 19% to DKK 71 billion
• Upward revision of the forecast core earnings for the year from
DKK 600-700 million to DKK 700-750 million
• Totalkredit - the offset model selected as from 1 July 2007
(solvency ratio boosted nearly 0.4 percentage points)
• Moody's rating: C, A1, P-1
Stock Exchange Announcement
No. 9, 2007
For further information contact:
Lasse Nyby,
Chief Executive Officer
tel. + 45 9634 4011
Ole Madsen,
Communications Manager
tel. +45 9634 4021
