Brief: Spar Nord Bank A/S - Q4 Net Profit Dkk 230 Million

Spar Nord Bank A/S

11/02/2021 07:15

Feb 11 (Reuters) - Spar Nord Bank A/S  SPNO.CO :
    * REG-SPAR NORD ANNUAL REPORT 2020
    * SPAR NORD BANK A/S - Q4 NET INTEREST INCOME DKK 398 MILLION VERSUS DKK 396 MILLION YEAR
AGO
    * SPAR NORD BANK A/S - Q4 NET PROFIT DKK 230 MILLION VERSUS DKK 182 MILLION YEAR AGO
    * SPAR NORD BANK A/S - Q4 LOAN LOSSES DKK  22 MILLION VERSUS DKK 12 MILLION YEAR AGO
    * SPAR NORD BANK A/S - GOING INTO 2021, THE BANK IS CONFIDENT ABOUT ITS EXISTING MANAGEMENT
ESTIMATE RELATING TO COVID-19 , AND LOAN IMPAIRMENT CHARGES FOR 2021 ARE THEREFORE EXPECTED TO
BE NOR-MALISED AT A SLIGHTLY LOWER LEVEL THAN IN 2020
    * SPAR NORD BANK A/S - PROJECTS CORE EARNINGS BEFORE IMPAIRMENT IN THE DKK 1,100-1,300
MILLION
RANGE, AND PROFIT AFTER IS EXPECTED TO BE IN THE DKK 650-850 MILLION RANGE.
    * SPAR NORD BANK A/S - BOARD OF DIRECTORS RECOMMENDS TO THE SHAREHOLDERS AT THE ANNUAL
GENERAL
MEETING THAT A CASH DIVIDEND OF DKK 1.5 PER SHARE BE DISTRIBUTED

Source text for Eikon:  ID:nGNE10PJXq 
Further company coverage:  SPNO.CO 

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