Interim Report First Half 2012


Aabenraa, Denmark, 2012-08-22 08:28 CEST (GLOBE NEWSWIRE) --

The Sydbank Group has posted a pre-tax profit of DKK 153m. The result is considered acceptable given the new tightened impairment rules and weak growth in the economy. As a consequence of the stricter impairment rules profit before tax is below the expectations at the beginning of the year. Profit before tax equals a return of 3.2% p.a. on average shareholders’ equity.


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