Brief: Grønlandsbanken 2016 pre-tax profit up at DKK 113.4 million

Groenlandsbanken A/S

28/02/2017 15:37

Feb 28 (Reuters) - Groenlandsbanken A/S  GRLA.CO : 
    * FY net interest and fee income 289.8 million Danish crowns ($41.3 million) versus 284.2 
million crowns year ago 
    * FY loan losses 14.0 million crowns versus 19.4 million crowns year ago 
    * FY pre-tax profit 113.4 million crowns versus 106.6 million crowns year ago 
    * Has conservative expectation of profit before value adjustments and write-downs of 125 
million - 145 million crowns in 2017 
    * Says moderate to low level of losses and write-downs is still expected in 2017 
 
     
Source text for Eikon:  ID:nCSE6N5r  
     
Further company coverage:  GRLA.CO  
 
($1 = 7.0110 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))