(Million DKK) |
1st-3rd 2015 |
1st-3rd 2014 |
2014 |
2013 |
2012 |
2011 |
Total core income | 710 | 670 | 907 | 844 | 823 | 767 |
Total costs and depreciations | -221 | -209 | -298 | -273 | -265 | -248 |
Core earnings before impairments | 489 | 461 | 609 | 571 | 558 | 519 |
Impairment charges for loans etc. | -44 | -63 | -87 | -120 | -157 | -129 |
Core earnings | 445 | 398 | 522 | 451 | 401 | 390 |
Result for portfolio | +1 | +56 | +65 | +23 | +49 | +1 |
Expenses for bank packages | 0 | 0 | 0 | -2 | -2 | -11 |
Profit before tax | 446 | 454 | 587 | 472 | 448 | 380 |
Three quarters - highlights:
- Increase in core earnings from DKK 398 million in 2014 to DKK 445 million in 2015 - a 12% increase
- The profit before tax was DKK 446 million, equivalent to a return of 20% p.a. on equity at the beginning of the period
- Increase of 5% in the bank’s loans and 7% increase in deposits
- Highly satisfactory number of new customers in both the branch network and niche concepts resulting in the best ever net increase in customer numbers
- More precise expectations of core earnings for all of 2015 in the upper part of the upwardly adjusted range of DKK 500 - 575 million.
Please do not hesitate to contact the bank’s management if you have any questions.
Yours sincerely, |
Ringkjøbing Landbobank John Fisker Jørn Nielsen |