Brief: The Bank of Greenland Q1 net profit down to DKK 17.2 mln

Groenlandsbanken A/S

28/04/2015 15:33

April 28 (Reuters) - The Bank of Greenland A/S  GRLA.CO : 
    * Q1 loan losses 5.2 million Danish crowns ($763,931) versus 3.7 million crowns year ago 
    * Q1 net interest income 71.7 million crowns versus 68.5 million crowns year ago 
    * Q1 net profit 17.2 million crowns versus 23.6 million crowns year ago 
    * Says at the end of Q1 continues to maintain excesses of deposits and an excess liquidity 
coverage of 150.8 pct in relation to statutory requirements 
    * Says in 2015 result before value adjustments and write-downs are still expected to be in 
the range of 125 million - 145 million crowns compared to 148 million crowns in 2014  
 
 
     
    Source text for Eikon:  ID:nCSE5Prs  
 
    Further company coverage:  GRLA.CO  
 
($1 = 6.8069 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))