Brief: Spar Nord Narrows Financial Guidance For 2021, Announces Guidance For 2022

Spar Nord Bank A/S

12/01/2022 07:35

Jan 12 (Reuters) - Spar Nord Bank A/S  SPNO.CO :
    * SPAR NORD NARROWS ITS FINANCIAL GUIDANCE FOR 2021 AND
ANNOUNCES
GUIDANCE FOR 2022
    * NARROWS ITS EXPECTATIONS FOR CORE EARNINGS BEFORE
IMPAIRMENT TO
ABOUT DKK 1,580 MILLION AND FOR PROFIT AFTER TAX TO ABOUT DKK
1,365 MILLION
    * IN Q4 2021, CONTINUING SATISFACTORY GROWTH BOTH IN LENDING
AND
IN TOTAL BUSINESS VOLUME CONTRIBUTED TO PERSISTENTLY GROWING NET
INTEREST INCOME AND HIGHER-THAN-EXPECTED NET FEE INCOME
    * BANK EXPECTS 2022 CORE EARNINGS BEFORE IMPAIRMENT TO TUNE
OF DKK
1,300-1,600 MILLION
    * CORE INCOME FOR FULL YEAR 2021 IS EXPECTED TO BE AROUND
DKK
3,815 MILLION
    * STRONG ECONOMIC TRENDS ARE EXPECTED TO CONTINUE IN 2022,
LEADING
TO ONLY MODERATE IMPAIRMENT CHARGES
    * 2022 PROFIT AFTER TAX IS EXPECTED TO BE IN DKK 1,000-1,250
MILLION RANGE.
    * AS COSTS ARE IN LINE WITH EXPECTATIONS, SPAR NORD IS NOW
NARROWING ITS FULL-YEAR GUIDANCE FOR CORE EARNINGS BEFORE
IMPAIRMENT TO APPROXIMATELY DKK 1,580 MILLION

Source text for Eikon:  ID:nGNEKHp6n 
Further company coverage:  SPNO.CO 

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