Brief: Spar Nord Bank Q4 Net Interest Income Rises To DKK 390 Mln

Spar Nord Bank A/S

07/02/2019 07:23

Feb 7 (Reuters) - Spar Nord Bank A/S  SPNO.CO :
    * REG-SPAR NORD ANNUAL REPORT: DKK 920 MILLION NET PROFIT
AND
10.8% RETURN ON EQUITY
    * RECOMMENDATION FOR DIVIDEND OF DKK 3.50 PER SHARE, EQUAL
TO A
PAYOUT RATIO OF 47%
    * FOR 2019, SPAR NORD EXPECTS CORE EARNINGS BEFORE
IMPAIRMENTS
AROUND DKK 1.0-1.1 BILLION
    * NET FEE INCOME WAS A RECORD-HIGH DKK 1,127 MILLION IN
2018,
AGAINST DKK 1,116 MILLION IN 2017.
    * Q4 NET INTEREST INCOME DKK 390 MILLION VERSUS DKK 373
MILLION
YEAR AGO
    * SEES IN 2019 SLIGHTLY LOWER IMPAIRMENTS THAN IN 2018 AND A
NET
PROFIT OF AROUND DKK 700-800 MILLION
    * Q4 PRETAX PROFIT DKK 83 MILLION VERSUS DKK 235 MILLION
YEAR AGO
    * Q4 LOAN LOSSES DKK 106 MILLION DKK 13 MILLION YEAR AGO

Source text for Eikon:  ID:nGNE8JxMsg 
Further company coverage:  SPNO.CO 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))