2015 in headlines:
- The best profit in the bank’s history
- The profit before tax was DKK 588 million, equivalent to a return of 20% on equity at the beginning of the period
- Core earnings exceed expectations, increasing by 13% to DKK 588 million
- Best ever net increase in customers
- High levels of customer satisfaction and willingness to recommend the bank
- The rate of costs improved by 2% to 32.1 - the lowest in Denmark
- 12% increase in loans and 10% increase in deposits
- Proposed dividend raised from DKK 26 to DKK 30 per share. A new buy-back programme for up to DKK 140 million is also proposed, increasing total distribution to 61%
- Expectations for core earnings of DKK 475 - 575 million in 2016, to which must be added the result for portfolio
Please read the complete Annual Report in the attached pdf.
