Brief: Lollands Bank Raises Expectations For 2023

Lollands Bank A/S

29/06/2023 15:02

June 29 (Reuters) - Lollands Bank A/S  LOLB.CO :
    * UPWARD REVISION OF LOLLANDS BANK'S EXPECTATIONS FOR 2023
    * NOW SEES 2023 RESULT BEFORE TAX IN RANGE OF DKK 90-100
MILLION
FROM PREVIOUSLY ANNOUNCED DKK 65–75 MILLION
    * CORE EARNINGS ARE ALSO ADJUSTED UPWARDS TO A RESULT IN THE
RANGE
OF DKK 80-90 MILLION FROM PREVIOUS EXPECTATIONS OF DKK 65-75
MILLION
    * UPWARD REVISION IS ATTRIBUTABLE TO A BETTER PICTURE OF
EXPECTED
EARNINGS IN 2023 THAN ASSUMED  IN RECENT ANNOUNCEMENT IN APRIL
2023
    * UPWARD REVISION AS A RESULT OF THE RISING INTEREST RATE
LEVEL, A
GOOD  OF NEW CUSTOMERS AND A CONTINUED STABLE ECONOMY AMONG THE
BANK'S CUSTOMERS

Source text for Eikon:  ID:nGNE2jMx5Q 
Further company coverage:  LOLB.CO 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))