Brief: Banknordik P/F Q4 Net Interest Income At Dkk 92 Million

Foeroya Banki P/F

28/02/2019 07:10

Feb 28 (Reuters) - BankNordik P/F  BNORDIK.CO :
    * Q4 NET INTEREST INCOME DKK 92 MILLION VERSUS DKK 95
MILLION YEAR
AGO
    * Q4 PROFIT BEFORE TAX DKK 38 MILLION VERSUS DKK 92 MILLION
YEAR
AGO
    * DIVIDEND OF DKK 70M (DKK 7 PER SHARE) WILL BE PROPOSED AT
THE
UPCOMING AGM
    * EXPECTS OPERATING PROFIT BEFORE IMPAIRMENT CHARGES IN THE
RANGE
OF DKK 160 - 200M IN 2019 (2018: DKK 179M)
    * EXPECTS 2019  NET PROFIT IN THE RANGE OF DKK 100 - 150M IN
2019
(2018: DKK 262M).
    * IMPAIRMENT CHARGES ON LOANS AND ADVANCES ARE EXPECTED TO
REMAIN
LOW IN 2019.
    * THE GROUP HAS KEPT ITS OPERATING COSTS FLAT SINCE 2016 AND
IS
EXPECTING TO CONTINUE DOING SO IN 2019

Source text for Eikon:  ID:nGNEb8hmcQ 
Further company coverage:  BNORDIK.CO 

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