February 21, 2017 10:00 AM 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; personal and individual advisory services; and digital information and trading systems for securities and foreign exchange trading. In addition, it offers corporate bank services, including financing solutions; advisory services to corporate clients on the acquisition and sale of enterprises; and export finance, as well as services in the areas of su...

Peberlyk 4

PO Box 1038

Aabenraa,  6200

Denmark

Founded in 1970

2,048 Employees

Phone:

45 74 37 37 37

Fax:

45 74 37 35 49

Key Executives for Sydbank A/S

Chief Executive Officer
Age: 58
Total Annual Compensation: kr5.2M
Deputy Group Chief Executive
Age: 53
Total Annual Compensation: kr4.4M
Deputy Group Chief Executive
Age: 53
Total Annual Compensation: kr4.4M
Compensation as of Fiscal Year 2015.

Sydbank A/S Key Developments

Sydbank A/S Announces Earnings Results for the Third Quarter and Nine Months Ended September 2016; Provides Earnings Guidance for the Year 2016

Sydbank A/S announced earnings results for the third quarter and nine months ended September 2016. For the quarter, the company reported core income of DKK 1,030 million against DKK 1,062 million a year ago. Total income was DKK 1,095 million against DKK 1,077 million a year ago. Core earnings before impairment were DKK 483 million against DKK 442 million a year ago. Core earnings were DKK 450 million against DKK 387 million a year ago. Profit before non-recurring items was DKK 499 million against DKK 395 million a year ago. Profit before tax was DKK 494 million against DKK 395 million a year ago. Profit for the period was DKK 385 million against DKK 302 million a year ago. For the nine months, the company reported core income of DKK 3,131 million against DKK 3,289 million a year ago. This is a decline of 5% compared with the same period in 2015 when core income was historically high. Total income was DKK 3,319 million against DKK 3,456 million a year ago. This is a drop of 4% compared with the same period in 2015. Core earnings before impairment were DKK 1,361 million against DKK 1,447 million a year ago. Core earnings were DKK 1,247 million against DKK 1,175 million a year ago. Profit before non-recurring items was DKK 1,288 million against DKK 1,088 million a year ago. Profit before tax was DKK 1,309 million against DKK 1,088 million a year ago. Profit for the period was DKK 1,028 million against DKK 832 million a year ago. This is equal to a return on shareholders' equity of 12.0% p.a. after tax. For the year 2016, the company expects a slight decline in core income relative to income for 2015, unchanged trading income relative to income for 2015 but dependent on financial market developments, lower impairment charges in 2016.

Sydbank A/S, Q3 2016 Earnings Call, Nov 02, 2016

Sydbank A/S, Q3 2016 Earnings Call, Nov 02, 2016

Sydbank A/S To Be Deleted From Other OTC

Sydbank A/S ordinary shares (Denmark) will be deleted from Other OTC, effective October 11, 2016. The deletion was due to inactive security.

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Recent Private Companies Transactions

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