Brief: Spar Nord Raises FY Guidance

Spar Nord Bank A/S

09/12/2020 07:25

Dec 9 (Reuters) - Spar Nord Bank A/S  SPNO.CO :
    * REG-SPAR NORD UPGRADES ITS FINANCIAL GUIDANCE
    * EXPECTS CORE EARNINGS BEFORE IMPAIRMENT FOR FULL YEAR 2020
IN
DKK 1,150-1,250 MILLION RANGE,
    * GUIDANCE FOR 2020 PROFIT AFTER TAX IS UPGRADED TO RANGE OF
DKK
650-750 MILLION.
    * EXPECTED LOAN IMPAIRMENT CHARGES FOR FULL YEAR REMAINS
UNCHANGED
    * UPGRADE DRIVEN BY CONTINUED POSITIVE TRENDS IN FINANCIAL
MARKETS
IN JULY, AUGUST 2020 RESULTING IN HIGHER MARKET VALUE
ADJUSTMENTS THAN PREVIOUSLY ANTICIPATED

Source text for Eikon:  ID:nGNE78V8Gg 
Further company coverage:  SPNO.CO 

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