Brief: Groenlandsbanken Proposes Dividend Payment Of DKK 55 Per Share

Groenlandsbanken A/S

27/02/2024 16:08

Feb 27 (Reuters) - Groenlandsbanken A/S  GRLA.CO :
    * STILL EXPECT FAVOURABLE DEVELOPMENT IN BANKING BUSINESS
    * EXPECT LOSSES AND WRITE-DOWNS TO REMAIN AT A LOW LEVEL,
AND
DERIVED RISKS RELATED TO INFLATION, RISING INTEREST RATES AND
CYCLICAL UNCERTAINTY IN 2024 ARE ASSESSED TO BE COVERED BY
CURRENT LEVEL OF IMPAIRMENT WRITE-DOWNS
    * EXPECTED PROFIT BEFORE TAX FOR YEAR 2024 IS DKK 180-230
MILLION
    * RECOMMENDS TO ANNUAL GENERAL MEETING THAT DIVIDEND PAYMENT
IS
DKK 55 PER SHARE
    * FY NET INTEREST AND FEE INCOME INCREASED BY TDKK 83,527
COMPARED
TO 2022, AMOUNTING TO TDKK 435,012

Source text for Eikon:  ID:nGNE4XJzft 
Further company coverage:  GRLA.CO 

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