Jyske Bank’s Q1 report: Significant bottom line effect from new impairment rules
Anders Dam, CEO and
Managing Director, comments on Jyske Bank’s Q1 financial statements, which
showed a net profit of DKK 610m.
However, the net profit
for the period was adversely affected by about DKK 400m due to the
implementation of new international impairment rules - the so-called IFRS 9
(International Financial Reporting Standard).
At the same time as the
release of the financial statements, Jyske Bank announced that it supports a
merger of Nordjyske Bank and Ringkjøbing Landbobank.
Jyske Bank will sell
its shareholding in the proposed merged bank to Nykredit.
See the full financial
report here.
