(Million DKK) |
1st-3rd qtr. 2016 |
1st-3rd qtr. 2015 |
2015 |
2014 |
2013 |
2012 |
Total core income | 721 | 710 | 954 | 907 | 844 | 823 |
Total costs and depreciations | -224 | -221 | -306 | -298 | -273 | -265 |
Core earnings before impairments | 497 | 489 | 648 | 609 | 571 | 558 |
Impairment charges for loans etc. | -36 | -44 | -60 | -87 | -120 | -157 |
Core earnings | 461 | 445 | 588 | 522 | 451 | 401 |
Result for portfolio etc. | +36 | +1 | 0 | +65 | +21 | +47 |
Profit before tax | 497 | 446 | 588 | 587 | 472 | 448 |
Three quarters - highlights:
- Clarification of expectations for core earnings for the year given around the upper end of the previously announced range of DKK 525 - 600 million
- The profit before tax was DKK 497 million, equivalent to a return of 21% p.a. on equity
- 4% increase in core earnings to DKK 461 million, which is above budget for the period
- The rate of costs for the period was 31.1%, which is still the lowest in Denmark
- Decrease in impairment charges to DKK 36 million, the equivalent of 0.2% p.a.
- 12% increase in the bank’s loans and 21% 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 |