Satisfactory first quarter of 2019 in The Bank of Greenland.
The Bank of Greenland’s profit before tax for Q1 2019 is DKK 37.9 million compared to DKK 34.1 million for Q1 2018.
The profit before value adjustments and write-downs amounts to DKK 36.5 million compared to DKK 38.6 millon one year before.
Net interest and fee income amount to DKK 79.8 million and has increased with DKK 1 million
Total costs, including depreciation an amortisation amount at the end of Q1 2019 to DKK 44.8 million,
compared to DKK 41.6 million in the same period of 2018.
Value adjustments represent a capital gain of TDKK 3,214 compared to a capital loss
for the same period of 2018 of TDKK 1,023.
Write-downs on loans and guarantees show a small decline, amounting to DKK 1.7 million and amounts to modest DKK 1.8 million,
corresponding to 0.03 % of the bank’s total loans and guarantees.
Capital ratio and core capital ratio of 21.8 % and an individual capital requirement of 10.4 %.
The BANK of Greenland maintains its expectation of a profit for the year before tax at the level
of DKK 130-150 million compared to DKK 140 million in 2018.
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