Annual Report 2015

RECORD-HIGH NET PROFIT OF DKK 897 MILLION AND ROE OF 12,2 %

 | Source: Spar Nord Bank A/S Spar Nord Bank A/S

  • Core income up 4 % driven by net fee income and market value adjustments
     
  • NII down 4 % due to margin pressure, declining volume and lower income from bond portfolio
     
  • Fee income at all-time high following strong activity in mortgage-distribution and asset management
     
  • Market-value adjustments at extraordinary level following sale of shares in Nørresundby Bank
     
  • Costs rose 2% when adjusted for one-offs related to change of IT-platform
     
  • Core earnings before impairment of DKK 1,488 m - much higher than expected at beginning of year
     
  • Loan losses came down to DKK 316 m corresponding to an impairment percentage of 0.64
     
  • Solid capital position makes way for distribution of 87 % profits as dividend and buy-back

Attachments

Nr. 2 - Årsrapport 2015_UK.pdf
GlobeNewswire

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