Brief: Lollands Bank Upgrades Expectations For 2024

Lollands Bank A/S

09/10/2024 13:10

Oct 9 (Reuters) - Lollands Bank A/S  LOLB.CO :
    * UPGRADES EXPECTATIONS FOR 2024
    * UPGRADES FY 2024 GUIDANCE FOR PROFIT BEFORE TAX: IN THE
RANGE OF
DKK 115-130 MILLION
    * PREVIOUSLY: FY PROFIT BEFORE TAX IN THE RANGE OF DKK
100-115
MILLION
    * CORE EARNINGS REMAIN UNCHANGED AT AROUND DKK 85-100
MILLION
    * REASON: POSITIVE VALUE ADJUSTMENTS IN LAST QUARTER OF
2024,
COMBINED WITH CONTINUED FAVOURABLE DEVELOPMENT IN BANK'S
IMPAIRMENTS
    * ALSO REASON: CONTINUED HEALTHY CUSTOMER INFLOW

Source text for Eikon:  ID:nGNE5C1ndM 
Further company coverage:  LOLB.CO 

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