Brief: Banknordik Q4 Operating Profit Before Impairment Charges At DKK 38 Mln

Foeroya Banki P/F

25/02/2021 07:30

Feb 25 (Reuters) - BankNordik P/F  BNORDIK.CO :
    * Q4 OPERATING PROFIT BEFORE IMPAIRMENT CHARGES WAS DKK 38M
IN Q4
2020, AGAINST DKK 47M IN Q3.
    * Q4 BANKNORDIK RECORDED PROFIT BEFORE TAX OF DKK 51M IN Q4
2020,
COMPARED TO DKK 82M IN Q3
    * Q4 LOAN IMPAIRMENT CHARGES AMOUNTED TO A REVERSAL OF DKK
10M IN
Q4 2020, AGAINST DKK 2M IN Q3.
    * BANK EXPECTS 2021 OPERATING COSTS TO BE AT 2020 LEVEL AND
IMPAIRMENT CHARGES TO REMAIN AT A LOW LEVEL.
    * GUIDANCE 2021: MANAGEMENT EXPECTS A NET PROFIT IN DKK
150-200M
RANGE (2020: DKK 166M).
    * GUIDANCE 2021: INCOME RECOGNISED FROM DIVESTMENT OF DANISH
BUSINESS IS EXPECTED TO AMOUNT TO DKK 70-90M (DKK 55-70M AFTER
TAX).

Source text: https://bit.ly/3pPZgNJ
Further company coverage:  BNORDIK.CO 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))