Spar Nord raises its guidance for core earnings before impairment for 2021 to
The second quarter of 2021 has shown both a continued high customer acitivity and positive developments in the financial markets which has contributed to positive market value adjustments on both the bank's equity portfolio and the bank’s portfolio of strategic shares. Against this background, Spar Nord raises its expectation for the year's core earnings before impairment to
Backed by continued improvements in the financial situation of both private and corporate customers, including agriculture with high settlement prices, the second quarter of 2021 showed a reversal of impairments, just as a smaller income from impairments is now expected for the full year. At the end of the second quarter of 2021, the management estimate related to COVID-19 is unchanged at
Based on the upgraded guidance for core earnings before impairment combined with the expected smaller income from impairments, the expectation for profit after tax for the year is raised to
Spar Nord’s H1 interim report is scheduled for release on
Please direct any questions regarding this release to
Rune Brandt Børglum
Head of Investor Relations
Attachment
- Nr. 17 - Opjustering -
UK
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