- Pre-tax profit: DKK 851m (2011: DKK 601m).
- The pre-tax profit corresponded to an annualised return of 6.1% on opening equity (2011: 4.5%).
- Goodwill write-off: DKK 216m. Now goodwill is recognised at nil.
- Fair value of the “held-to-maturity portfolio”: DKK 345m higher than the carrying amount. (2011:fair value DKK 7m lower than the carrying amount).
- Solvency ratio: 17.3%, of which Tier 1: 15.3% (2011: 14.7% and 13.3%).
- Individual solvency requirement inclusive of the activities from Spar Lolland: 10.2% (2011: 10.0%).
In connection with the presentation of Jyske Bank's Annual Report 2012, Anders Dam, Jyske Bank’s CEO and Managing Director states:
“The 2012 financial statements were affected by four special circumstances. The IT conversion and migration to Bankdata in mid-October imposed a burden on our resources. At the implementation in the second quarter, the Danish FSA’s more stringent guidelines for loan impairment charges and provisions for guarantees resulted in loan impairment charges and provisions for guarantees in the amount of DKK 900m. The financial statements were also affected by the write-off of goodwill by DKK 216m in 2012. Now goodwill is recognised at nil. Finally, the fair value of the held-to-maturity portfolio was DKK 345m higher than the carrying amount”, says Anders Dam.
