BankNordik P/F reported group earnings results for the second quarter and six months ended June 30, 2017 and parent company earning results for the six months ended June 30, 2017. For six months, group's net interest income was DKK 194,890,000 against DKK 210,111,000 a year ago. Profit before tax was DKK 112,407,000 against DKK 94,847,000 a year ago. Net profit continued operations were DKK 88,388,000 against DKK 77,187,000 a year ago. Net profit was DKK 88,388,000 against DKK 70,341,000 a year ago. Return on equity after tax was 4.9% against 3.9% a year ago. Return on assets was 0.5% against 0.4% a year ago. Earnings per basic and diluted share were DKK 9.09 against DKK 7.13 a year ago. Operating income was DKK 326 million against DKK 331 million a year ago. Operating profit was DKK 94 million against DKK 101 million a year ago. Book value per share as at June 30, 2017 was DKK 177 against DKK 185 a year ago.

For the quarter, group's net interest income was DKK 96,950,000 against DKK 97,581,000 a year ago. Net profit continued operations were DKK 43,152,000 against loss of DKK 48,423,000 a year ago. Net profit was DKK 43,152,000 against DKK 49,769,000 a year ago. Return on equity after tax was 2.5% against 2.8% a year ago. Return on assets was 0.3% against 0.3% a year ago. Earnings per share after tax were DKK 4.4 against DKK 5.1 a year ago. Operating income was DKK 166 million against DKK 163 million a year ago. Operating profit was DKK 51 million against DKK 50 million a year ago. Profit before tax, continuing operations was DKK 55 million against DKK 60 million a year ago. Cash flow from operations was DKK 805,277,000 against DKK 238,695,000 a year ago. Acquisition of tangible assets was DKK 6,296,000 against DKK 12,757,000 a year ago.

For six months, the company reported net interest income was DKK 193,904,000 against DKK 209,588,000 a year ago. Profit before tax was DKK 111,674,000 against DKK 85,789,000 a year ago. Net profit continued operations were DKK 88,388,000 against DKK 70,341,000 a year ago. Portion attributable to Shareholders of the company was DKK 88,388,000 against DKK 70,341,000 a year ago. Earnings per basic and diluted share were DKK 9.09 against DKK 7.13 a year ago.

The company reconfirmed the fiscal year 2017 guidance of profit before impairment charges, value adjustments and tax in the range of DKK 150 million - DKK 190 million. Impairment charges on loans for 2017 are expected to be less than DKK 20 million. This guidance is generally subject to uncertainty and will depend on economic conditions, including possible central bank monetary policy measures.