Company announcement no. 1
Spar Nord narrows its expectations for core earnings before impairment to about
In
The October upgrade was driven by satisfactory business growth, positive financial market developments and lower-than-expected costs in Q3.
In Q4 2021, continuing satisfactory growth both in lending and in total business volume contributed to persistently growing net interest income and higher-than-expected net fee income. Furthermore, market value adjustments were at a satisfactory level in the quarter. Against that background, core income for the full year 2021 is expected to be around
As a result of developments in the Danish economy combined with strong customer credit quality, the Bank’s impairment charges for the full year 2021 are now expected to represent an income of around
On the basis of the specified core earnings combined with impairment expectations, the Bank is narrowing its guidance for profit after tax DKK to approximately
Spar Nord is now also announcing its financial guidance for 2022. The Bank expects core earnings before impairment to the tune of
Spar Nord’s annual report for 2021 will be released as scheduled on
Please direct any questions regarding this release to
Rune Brandt Børglum
Head of Investor Relations
Attachment
- No. 1 - Spar Nord narrows its financial guidance for 2021 and announces guidance for 2022 -
UK
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