DGAP-UK-Regulatory: Interim Report Q1-Q3 2013

DGAP-UK-Regulatory: Interim Report Q1-Q3 2013

Sydbank A/S  / 3rd Quarter Results

29.10.2013 13:26

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Aabenraa, Denmark, 2013-10-29 13:26 CET (GLOBE NEWSWIRE) --
The Sydbank Group has recorded a profit before tax of DKK 616m. 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 8.0% p.a. on average shareholders' equity. The result is
characterised by: 

  -- 4% decrease in core income
  -- 24% decrease in trading income
  -- Unchanged costs (core earnings)
  -- DKK 225m decline in impairment charges for loans and advances
  -- Investment portfolio earnings of DKK 277m
  -- Unchanged bank loans and advances of DKK 67.4bn
  -- 7% increase in deposits to DKK 68.1bn
  -- Core capital ratio, incl hybrid core capital, of 16.5%.

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News Source: NASDAQ OMX

29.10.2013 DGAP's Distribution Services include Regulatory Announcements,
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Language:           English
Company:            Sydbank A/S
ISIN:               DK0010311471
Category Code:      QRT
LSE Ticker:         0G6U
Sequence Number:    1733
Time of Receipt:    Oct 29, 2013 13:26:27
End of Announcement                             DGAP News-Service
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