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GRLA Groenlandsbanken A/S News Story

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Brief: The Bank of Greenland 9M net income up to DKK 78.8 million

Oct 22 (Reuters) - The Bank Of Greenland  GRLA.CO  
    * 9M net interest and fee income 220.1 million Danish crowns 
versus 206.3 million crowns 
    * 9M loan losses 14.0 million crowns versus 10.9 million 
crowns 
    * 9M net income 78.8 million crowns versus 63.1 million 
crowns 
    * 9M core capital ratio 20.3 versus 20.4 
    * Result before value adjustments and write-downs are still 
expected to be in the high end of the previously informed 
result-estimate of 125 -145 million crowns against 135 million 
crowns in the year 2013 
    * Value adjustment of loans is expected to continue at a 
modest level in 2014 
 
Source text for Eikon:  ID:nCSE5xMp  
Further company coverage:  GRLA.CO  
 
 (gdynia.newsroom@thomsonreuters.com; +48 58 698 3920) 
 
Keywords: THE BANK OF GREENLAND/RESULTS

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