Brief: Kreditbanken ARaises Profit Outlook For 2024

Kreditbanken A/S

02/07/2024 13:45

July 2 (Reuters) - Kreditbanken A/S  KRE.CO :
    * KREDITBANKEN RAISES PROFIT OUTLOOK FOR 2024
    * OUTLOOK FOR PROFIT BEFORE TAX IS REVISED UPWARDS TO DKK
155-180
MILLION FOR 2024 (PREVIOUS OUTLOOK: 125-155 MILLION)
    * BANK ALSO EXPECTS A PROFIT BEFORE TAX IN THE REGION OF DKK
100
MILLION FOR 1.  HALF-YEAR 2024
    * SAYS CUSTOMER AND LENDING DEVELOPMENT HAS BEEN BETTER THAN
EXPECTED
    * SAYS INTEREST RATE ENVIRONMENT HAS BEEN MORE  FAVORABLE
FOR CORE
EARNINGS THAN PREVIOUSLY EXPECTED
    * SAYS IMPAIRMENTS IN H1 2024 HAVE BEEN LOWER THAN EXPECTED,
AS
THE BANK HAS FULLY REPAID A NUMBER OF RECEIVABLES THAT WE HAD
WRITTEN DOWN

Source text for Eikon:  ID:nGNE6rPTMb 
Further company coverage:  KRE.CO 

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