Børsens News Service in English
Nordjyske Posts Encouraging Results
10-08-2010
14:53
Nordjyske Bank posted a pre-tax profit of DKK 65.3 million in the first six months of 2010. The figure compares favorably to the DKK 41.3 million the bank earned in the first half of last year.
The Jutland-based bank, which is one of the nation’s smaller listed banks, came out of the first six months of 2010 with core earnings before loan write offs of DKK 125 million, compared to DKK 99 million in the first half of 2009.
The bank saw loan depreciations increase to DKK 52 million compared to DKK 50 million in the same period in 2009. However, Nordjyske’s net interest and fee income totaled DKK 231 million against DKK 216 million in the first half of last year.
Positive adjustments of listed securities totaled 44.3 million in the first half of 2010 compared to DKK 12.2 million in the same period last year. The bank's solvency ratio stood at 16.5 percent after the first six months of the year. The bank maintained its full year forecast of core earnings of 175-200 million. before loan losses and security revaluations, and depreciations totaling DKK 82 million.
The Jutland-based bank, which is one of the nation’s smaller listed banks, came out of the first six months of 2010 with core earnings before loan write offs of DKK 125 million, compared to DKK 99 million in the first half of 2009.
The bank saw loan depreciations increase to DKK 52 million compared to DKK 50 million in the same period in 2009. However, Nordjyske’s net interest and fee income totaled DKK 231 million against DKK 216 million in the first half of last year.
Positive adjustments of listed securities totaled 44.3 million in the first half of 2010 compared to DKK 12.2 million in the same period last year. The bank's solvency ratio stood at 16.5 percent after the first six months of the year. The bank maintained its full year forecast of core earnings of 175-200 million. before loan losses and security revaluations, and depreciations totaling DKK 82 million.
*****||*****Nordjyske Posts Encouraging Results*****||*****Nordjyske Bank posted a pre-tax profit of DKK 65.3 million in the first six months of 2010. The figure compares favorably to the DKK 41.3 million the bank earned in the first half of last year.*****||*****
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