Jyske Bank: Anders Dam comments on the Interim Report

August 26, 2010

For the second quarter, Jyske Bank reports a pre-tax profit of DKK 219m. Loan impairment charges came to DKK 386m, which is about DKK 200m less than the impairment charges in the first quarter.

Hence Jyske Bank’s impairment charges totalled DKK 1bn in the first half of 2010.

On the top line, net interest and fee income came to DKK 1.363bn in the second quarter. A small decline compared to the first quarter.

Core earnings before loan impairment charges came to DKK 638m in the second quarter, which was also slightly below figures for the previous quarter.

Therefore core earnings for the first half of the year totalled DKK 1.330bn. Jyske Bank still expects core earnings before loan impairment charges to be in the range of DKK 2.5bn - 2.9bn for the full year.

Anders Dam, CEO and Managing Director, comments on the figures.

Read more about Jyske Bank’s Interim Report by clicking here.