Brief: Bank Of Greenland's Profit Before Tax For FY 2019 Is DKK 150.5 Mln

Groenlandsbanken A/S

27/02/2020 16:49

Feb 27 (Reuters) - Groenlandsbanken A/S  GRLA.CO :
    * REG-THE BANK OF GREENLAND'S ANNUAL REPORT 2019
    * BANK OF GREENLAND ACHIEVED A PROFIT OF DKK 150.5 MILLION
BEFORE
TAX FOR 2019, COMPARED TO DKK 140.3 MILLION IN 2018
    * SEES FY 2020 PROFIT BEFORE TAX AT LEVEL OF DKK 120-140
MILLION
    * GREENLAND'S ECONOMIC UPTURN GIVES BANK GROUNDS FOR SOME
OPTIMISM, SO THAT LENDING IS EXPECTED TO INCREASE MODERATELY IN
2020
    * 2019 PROFIT AFTER TAX IS DKK 129.9 MILLION, COMPARED TO
DKK
112.9 MILLION IN 2018
    * 2019 NET INTEREST AND FEE INCOME INCREASED BY TDKK 6,899
FROM
2018

Source text for Eikon:  ID:nGNE1GjHDm 
Further company coverage:  GRLA.CO 

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