To Nasdaq OMX Copenhagen
20 October 2017
Company notification no. 13/2017
The BANK of Greenland upgrades its profit forecast for 2017
In conjunction with the preparation of the interim report for Q1-Q3 2017, The BANK of Greenland has upgraded its expectations of the annual profit for 2017 to a profit before value adjustments and write-downs at the level of DKK 145-155 million, compared to the previous expected interval of DKK 135-145 million.
The upward adjustment is based on the result achieved for Q1-Q3 2017, and the more positive development during the year than previously expected.
Further information on the development in The BANK of Greenland in Q1-Q3 2017, and the basis for the adjustment of the Bank's expectations for 2017, will be presented in the interim report for Q1-Q3 2017, which is being prepared and will be published on Tuesday, 31 October 2017, as previously stated in the Bank's financial calendar.
Kind regards,
The BANK of Greenland
Contact: Managing Director Martin Kviesgaard, tel.no.: +299 34 7802
https://www.globenewswire.com/NewsRoom/AttachmentNg/4d8ed4f2-9e29-4017-b9e0-1147b7865ce7
