Brief: Fynske Bank Downgrades Full-Year Expectations For 2022

Fynske Bank A/S

12/10/2022 14:05

Oct 12 (Reuters) - Fynske Bank A/S  FYNBK.CO :
    * DOWNGRADES EXPECTATIONS FOR 2022 RESULT
    * DOWNGRADES FULL-YEAR 2022 GUIDANCE AND EXPECTS PROFIT IN
THE
RANGE OF DKK 25-35 MILLION AGAINST PREVIOUSLY ANNOUNCED
EXPECTATIONS FOR 2022 IN THE RANGE OF DKK 40-50 MILLION
    * DOWNWARD ADJUSTMENT OCCURS PRIMARILY AS A RESULT OF UNREST
ON
FINANCIAL MARKETS, WHICH NEGATIVELY AFFECTS THE BANK'S OWN
PORTFOLIO OF BONDS; MAINLY PLACED IN SHORT-TERM BONDS

Source text for Eikon:  ID:nGNE7FWbqG 
Further company coverage:  FYNBK.CO 
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