September 24, 2017 4:09 PM ET

Banks

Company Overview of Sydbank A/S

Company Overview

Sydbank A/S, together with its subsidiaries, provides various banking services to corporate and retail customers in Denmark and Northern Germany. The company operates in Banking, Asset Management, Sydbank Markets, Treasury, and Other segments. It offers various deposits, and loans and advances. The company also provides private banking services; and personal and individual advisory services. In addition, it offers corporate banking services, including financing solutions and advisory services; international banking services, such as payment services and cash management solutions; advice and asset management services for investment funds, pension pools, foundations, and institutional clients;...

Peberlyk 4

PO Box 1038

Aabenraa,  6200

Denmark

Founded in 1970

2,092 Employees

Phone:

45 74 37 37 37

Fax:

45 74 37 35 49

Key Executives for Sydbank A/S

Chief Executive Officer
Age: 59
Total Annual Compensation: kr6.0M
Deputy Group Chief Executive
Age: 54
Total Annual Compensation: kr4.7M
Deputy Group Chief Executive
Age: 54
Total Annual Compensation: kr4.7M
Compensation as of Fiscal Year 2016.

Sydbank A/S Key Developments

Sydbank A/S Reports Unaudited Group Earnings Results for the Second Quarter and First Six Months of 2017 and Parent Earnings Results for the First Six Months of 2017; Provides Earnings Guidance for the Year 2017; Provides Impairment Guidance for the Year 2017

Sydbank A/S reported unaudited group earnings results for the second quarter and first six months of 2017 and parent earnings results for the first six months of 2017. For the first half, the group reported net interest income of DKK 1,031 million against DKK 1,225 million a year ago. Profit before tax was DKK 1,047 million against DKK 815 million a year ago. Profit for the period was DKK 816 million against DKK 643 million a year ago. EPS diluted and basic was DKK 11.8 against DKK 9.1 a year ago. Cash flows from operating activities was DKK 6,142 million against cash used in operating activities of DKK 1,594 million a year ago. Purchase of intangible assets and property, plant and equipment was DKK 48 million against DKK 25 million a year ago. Book value per share was DKK 169.0 against DKK 157.6 a year ago. Return on assets was 0.6% against 0.4% a year ago. For the first half, on parent basis, the company reported net interest income of DKK 1,032 million against DKK 1,131 million a year ago. Profit before tax was DKK 1,047 million against DKK 815 million a year ago. Profit for the period was DKK 816 million against DKK 643 million a year ago. EPS diluted and basic was DKK 11.8 against DKK 9.1 a year ago. For the quarter, the group reported core income of DKK 1,040 million against DKK 1,051 million a year ago. Total income was DKK 1,086 million against DKK 1,120 million a year ago. Core earnings were DKK 428 million against DKK 412 million a year ago. Profit before tax was DKK 473 million against DKK 452 million a year ago. Profit for the period was DKK 369 million against DKK 360 million a year ago. EPS diluted and basic was DKK 5.4 against DKK 5.1 a year ago. Return on assets was 0.3% against 0.2% a year ago. For the year 2017, based on the level of interest rates at the beginning of 2017, core income is expected to be on a par with the core income generated in 2016. Trading income is anticipated to remain unchanged relative to income in 2016 but is dependent on financial market developments. For the year 2017, the company expects impairment charges are forecast to be lower than the level recorded in 2016.

Sydbank A/S, H1 2017 Earnings Call, Aug 29, 2017

Sydbank A/S, H1 2017 Earnings Call, Aug 29, 2017

Sydbank A/S Announces Board Changes

Sydbank A/S announced that Bo Normann Rasmussen, who was elected to Sydbank’s Board of Directors in 2015 and has been a member of the Board since then, has decided of his own choice to resign from the Bank’s Board of Directors as of July 19, 2017.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 21, 2017
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