Result before tax on thousand DKK 115.552 against thousand DKK 92.457 in the same period in 2013. The result pays a 19% interest per annum on year-start net capital after dividend.
Result before value adjustments and write-downs constitutes thousand DKK 111.608 against thousand DKK 103.388 in the same period last year.
Net interest and fee income increased by thousand DKK 13.860 to thousand DKK 220.133 compared to the same period last year.
The total costs and writing off are increased by thousand DKK 5.871 to 111.397 compared to the same period in 2013 and hereof thousand DKK 5.484 in the first half-year 2014. The first half-year was marked by non-recurring costs and advanced costs.
Value adjustments represent an overall profit of thousand DKK 17.983 against a loss due to depreciation of thousand DKK 49 compared to the same period in 2013.
Write-downs on loans, etc. have increased by thousand DKK 3.157 compared to the same period last year and constitute at the end of Q3 2014 thousand DKK 14.039. Write-downs are still at a low level and constitute 0.4% of the Bank's total loans and guarantees.
At the end of Q3 2014 The BANK of Greenland has an excess capital cover on liquidity of 146.5%.
Result before value adjustments and write-downs for all of 2014 is still expected to be in the high end of the previously informed result-estimate of DKK 125-145 million against DKK 135 million in 2013.
