DGAP-Regulatory: Sydbank's Interim Report - Q1 2014

DGAP-Regulatory: Sydbank's Interim Report - Q1 2014

Sydbank A/S  / 1st Quarter Results

30.04.2014 08:27

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Aabenraa, Denmark, 2014-04-30 08:27 CEST (GLOBE NEWSWIRE) --
Q1 performance

(Comparative figures for Q1 2013 are shown in brackets)

Profit before tax amounted to DKK 331m (DKK 184m). This includes an income of
DKK 148m concerning the sale of Nets. 

  -- Income rose to DKK 1,141m - an increase of 2% compared to Q1 2013 and 9%
     compared to Q4 2013. Deposits and loans and advances have gone up since the
     turn of the year and the Bank is experiencing a continued inflow of new
  -- Costs (core earnings) rose to DKK 704m (DKK 661m) as a result of the
     acquisition of DiBa Bank.
  -- Impairment charges fell to DKK 319m (DKK 349m) after an extraordinary
     review of small exposures.

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News Source: NASDAQ OMX

30.04.2014 DGAP's Distribution Services include Regulatory Announcements,
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Language:           English
Company:            Sydbank A/S
ISIN:               DK0010311471
Category Code:      QRF
TIDM:               0G6U
Sequence Number:    2023
Time of Receipt:    Apr 30, 2014 08:27:34
End of Announcement                             DGAP News-Service
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