Jyske Bank’s Q3 accounts. Interview with Anders Dam, CEO of Jyske Bank

October 28, 2009

Jyske Bank anticipates core earnings before loan impairment charges of between DKK 2.8bn and 2.9bn, some DKK 200m higher than the previous estimate. Loan impairment charges were up by around DKK 70m compared with last quarter and are now at DKK 447m for the quarter. Also, Jyske Bank upgraded the level of loan impairment charges for the full year.
In return, Jyske Bank was slightly above market expectations with respect to net interest income.
Anders Dam also comments on a potential lawsuit in connection with Jyske Invest Hedge Markedsneutral - Obligationer.