Brief: Banknordik P/F - Banknordik Raises Guidance For The 2020 Result

Foeroya Banki P/F

16/07/2020 13:44

July 16 (Reuters) - BankNordik P/F  BNORDIK.CO :
    * BANKNORDIK P/F - BANKNORDIK RAISES GUIDANCE FOR THE 2020 RESULT TO DKK 80-120 MILLION
    * BANKNORDIK P/F - IMPACT OF COVID-19 SITUATION ON GROUP'S FINANCIAL RESULTS HAS SO FAR BEEN
MORE
ALLEVIATED THAN EXPECTED
    * BANKNORDIK P/F - RAISES GUIDANCE FOR 2020 RESULT TO DKK 80-120 MILLION
    * BANKNORDIK P/F - MADE A NEW REASSESSMENT OF GROUP'S FINANCIAL GUIDANCE FOR 2020 AND NOW
EXPECTS
NET PROFIT IN RANGE OF DKK 80-120 MILLION.
    * BANKNORDIK P/F - UPWARDS REVISION IS PRIMARILY RELATED TO REVERSAL OF IMPAIRMENT CHARGES.
    * BANKNORDIK P/F - WILL MAKE A FURTHER DKK 10 MILLION PROVISION TO COVER POTENTIAL COVID-19
RELATED LOSSES, BRINGING TOTAL PROVISIONS TO DKK 35 MILLION.

Source text for Eikon:  ID:nNDL9X5sZy 
Further company coverage:  BNORDIK.CO 

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