Brief: Groenlandsbanken Q2 pre-tax profit down at DKK 29.8 mln

Groenlandsbanken A/S

12/08/2015 15:14

Aug 12 (Reuters) - Groenlandsbanken A/S  GRLA.CO : 
    * Q2 net interest income 70.4 million Danish crowns ($10.55 million) versus 75.9 million 
crowns year ago 
    * Q2 loan losses 4.6 million crowns versus 4.8 million crowns year ago 
    * Q2 pre-tax profit 29.8 million crowns versus 43.7 million crowns year ago 
    * First half of 2015 showed a result before value adjustments and write-downs of 68.7 
million crowns, compared to 70.1 million crowns for first half of 2014 
    * Write-downs of loans, etc. increased by 1.2 million crowns compared to same period last 
year and amounted to 9.7 million crowns at end of first half of 2015 
    * Says 2015 result before value adjustments and write-downs at the level of 125 million - 
145 million crowns, compared to 148 million crowns in 2014, is still expected 
    * After probably three years of negative GDP development in Greenland, the Bank still 
expects zero GDP growth in 2015 
    * Says expects a slight decrease in overall income in 2015 compared to 2014 
 
     
     
Source text for Eikon:  ID:nCSE5XD4  
     
Further company coverage:  GRLA.CO  
 
($1 = 6.6747 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))