Anders Dam comments on Jyske Bank’s quarterly financial statements

May 05, 2010

Jyske Bank reports a pre-tax profit of DKK 178m, but also considerable impairment charges. The loan impairment charges for the first quarter amounted to DKK 598m. The realised loss, however, only amounted to DKK 98m for the first quarter.

Jyske Bank expects core earnings in the range of DKK 2.5bn-2.9bn for the full year, but will not make any predictions about the loan impairment charges for 2010.

Read more about Jyske Bank’s quarterly financial statements.