DGAP-UK-Regulatory: Interim Report First Half 2013

DGAP-UK-Regulatory: Interim Report First Half 2013

Sydbank A/S  / Half-yearly Results

21.08.2013 08:28

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Aabenraa, Denmark, 2013-08-21 08:28 CEST (GLOBE NEWSWIRE) --
The Sydbank Group has recorded a profit before tax of DKK 502m. The result is
considered satisfactory given the trend in the economy. The performance meets
the expectations at the beginning of the year. Profit before tax equals a
return of 9.8% p.a. on average shareholders' equity. The result is
characterised by: 

  -- 4% decline in core income
  -- 4% decrease in trading income
  -- Unchanged costs (core earnings)
  -- DKK 301m decline in impairment charges for loans and advances
  -- Investment portfolio earnings of DKK 284m
  -- 2% increase in bank loans and advances to DKK 67.8bn
  -- Slight rise in level of deposits
  -- Core capital ratio, incl hybrid core capital, of 16.2%.

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News Source: NASDAQ OMX

21.08.2013 DGAP's Distribution Services include Regulatory Announcements,
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Language:           English
Company:            Sydbank A/S
ISIN:               DK0010311471
Category Code:      IR
LSE Ticker:         0G6U
Sequence Number:    1603
Time of Receipt:    Aug 21, 2013 08:27:55
End of Announcement                             DGAP News-Service
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