(Million DKK) |
1st qtr. 2016 |
1st qtr. 2015 |
2015 |
2014 |
2013 |
2012 |
Total core income | 239 | 238 | 954 | 907 | 844 | 823 |
Total costs and depreciations | -71 | -70 | -306 | -298 | -273 | -265 |
Core earnings before impairments | 168 | 168 | 648 | 609 | 571 | 558 |
Impairment charges for loans etc. | -11 | -15 | -60 | -87 | -120 | -157 |
Core earnings | 157 | 153 | 588 | 522 | 451 | 401 |
Result for portfolio etc. | +2 | +23 | 0 | +65 | +21 | +47 |
Profit before tax | 159 | 176 | 588 | 587 | 472 | 448 |
The quarter – highlights:
- The profit before tax was DKK 159 million, equivalent to a return of 20% p.a. on equity at the beginning of the period
- The bank’s core earnings were DKK 157 million, which is above budget for the quarter
- The rate of costs for the quarter was 29.7%, which is still the lowest in Denmark
- Fall in impairment charges to DKK 11 million, equivalent to 0.2% p.a.
- 11% increase in the bank’s loans and 10% increase in deposits
- Continued highly satisfactory increase in customer numbers in both the branch network and the niche concepts
Please do not hesitate to contact the bank’s management if you have any questions.
Yours sincerely, |
Ringkjøbing Landbobank John Fisker Jørn Nielsen |