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May 30, 2015 9:48 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 internationally. 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 wealth management, financial advisory, and private banking services; digital information and trading systems for securities and foreign exchange trading; and advisory and management services to instance investment funds, pension pools, foundations, and institutional clients, as well as wealthy clients through individual portfolio management agreements. In addition, it offers c...

PO Box 1038

Peberlyk 4

Aabenraa,  6200

Denmark

2,119 Employees

Phone:

45 74 37 37 37

Fax:

45 74 37 35 49

Key Executives for Sydbank A/S

Chief Executive Officer
Age: 56
Total Annual Compensation: $5.1M
Deputy Group Chief Executive
Age: 51
Total Annual Compensation: $4.3M
Deputy Group Chief Executive and Group Executive Vice President of Corporate Banking & Finance
Age: 51
Total Annual Compensation: $2.6M
Compensation as of Fiscal Year 2014.

Sydbank A/S Key Developments

Sydbank A/S Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Impairment of Loans and Advances for the First Quarter of 2015

Sydbank A/S reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported interest income of DKK 746 million against DKK 827 million for the same period in the last year. Net interest income was DKK 645 million against DKK 660 million for the same period in the last year. Profit before tax was DKK 397 million against DKK 331 million for the same period in the last year. Profit was DKK 304 million against DKK 286 million for the same period in the last year. Earnings per basic and diluted share were DKK 4.1 against DKK 3.9 for the same period in the last year. Total income was DKK 1,233 million against DKK 1,055 million for the same period in the last year. Core earnings were DKK 428 million against DKK 118 million for the same period in the last year. Book value per share was DKK 151.2 as at March 31, 2015 against DKK 143.5 as at March 31, 2014. Return on assets was 0.2% against 0.2% for the same period in the last year. Cash flows from operating activities were DKK 2,507 million against DKK 456 million. Purchase of intangible assets and property, plant and equipment was DKK 33 million for the first quarter of 2015. The company reported impairment of loans and advances of DKK 116 million for the first quarter of 2015 against DKK 707 million for the same period in the last year.

Sydbank A/S, Q1 2015 Earnings Call, Apr 29, 2015

Sydbank A/S, Q1 2015 Earnings Call, Apr 29, 2015

Sydbank Announces Executive Changes

At the Shareholders' Committee meeting which took place after the AGM, the Shareholders' Committee elected Bo Normann Rasmussen, Deputy CEO, Lars Mikkelgaard-Jensen, General Manager, and Frank Moeller Nielsen, High Court Attorney, new members of the Board of Directors. Bo Normann Rasmussen has been Deputy CEO and member of the executive board of AP Pension since 2010; Lars Mikkelgaard-Jensen has been General Manager at IBM Danmark, since 2004; and Frank Moeller Nielsen is Attorney as well as co-owner of ADVODAN in Naestved. As a result of the election of Bo Normann Rasmussen, Lars Mikkelgaard-Jensen and Frank Moeller Nielsen, the Board of Directors consists of eight members elected by the Shareholders' Committee and three members elected by the Bank's employees. At the subsequent board meeting, the Board of Directors elected its Chairman, Torben H. Nielsen, former Central Bank Governor, and its Vice-Chairman, Peder Damgaard, General Manager and former Principal.

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