Brief: BankNordik Q4 pre-tax loss widens to DKK 447 mln

Foeroya Banki P/F

25/02/2016 07:00

Feb 25 (Reuters) - BankNordik P/F  BNORDIK.CO : 
    * Q4 net interest income 111 million Danish crowns ($16.41 million) versus 122 million 
crowns year ago 
    * Q4 pre-tax loss, including discontinued activities from Vørur, 447 million crowns 
versus loss 226 million crowns year ago 
    * Says delivered results in line with guidance 
    * In 2016 loan impairments are expected to be at about same level as in 2015 
    * In 2016 expects profit before impairment charges, non-recurring items, value adjustments 
and tax of 150 million - 190 million crowns (2015: 214 million crowns) 
    * Says lower profit expectations for 2016 are mainly due to the discontinued corporate 
banking activities in Denmark, while further pressure on the interest margin, less income from 
the investment portfolio, and a normalisation of remortgaging activities are also expected to 
reduce income in 2016 
    * Will propose a dividend payment of 20 million crowns for 2015 (2 crowns per share) 
 
Source text for Eikon:  ID:nICE6bZT  
Further company coverage:  BNORDIK.CO  
 
($1 = 6.7650 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))