The profit before tax was TDKK 82,808, compared to TDKK 115,552 for the same period of 2014. The profit before tax gives a return of 13.4% p.a. on the opening equity after disbursement of dividend.
The profit before value adjustments and write-downs amounts to TDKK 104,003, compared to TDKK 111,608 for the same period of 2014.
Net interest and fee income declined by TDKK 6,357 to TDKK 213,776, compared to the same period of 2014.
Total costs, amortisation and depreciation decreased by TDKK 1,838 to 109,559, compared to the same period of 2014.
Value adjustments represent a total capital loss of TDKK 6,774, compared to a capital gain of TDKK 17,983 for the same period of 2014.
Write-downs on lending, etc. are by and large unchanged from the same period last year and amounted to TDKK 14,421 at the end of Q3 2015. Write-downs and provisions on the Bank's loans and guarantees are still on a limited scale and constitute 0.4% of the Bank's total loans and guarantees.
At the end of Q3 2015, the BANK of Greenland had surplus liquidity cover of 153.2 and a capital ratio of 20.3, compared to a capital requirement of 10.4%.
A profit before value adjustments and write-downs at the level of DKK 125-145 million is still expected, compared to DKK 148 million in 2014.
