Published: 15:01 17.08.2004 GMT+2 /HUGIN /Source: Danske Bank /CSE: DDB /ISIN: DK0010274414
Net profit of DKr4,423m for the first half year of 2004.
On August 17, 2004, Danske Bank Group released its Interim Report for 2004. Highlights are shown below:
- The Danske Bank Group recorded a net profit of DKr4,423m, against a net profit of DKr4,803m for the first half of 2003.
- Core income was DKr13,226m, against DKr13,872m in the first half of 2003.
- Costs fell by 5%, and the cost/core income ratio improved from 54.0% to 53.7%.
- Provisions for bad and doubtful debts fell to DKr452m from DKr947m in the same period the year before.
- Core earnings rose by 4% from DKr5,431m to DKr5,672m.
- Earnings from investment portfolios totalled DKr601m, against DKr1,282m in 2003.
- In the course of the second half of the year, Danske Bank will make a further repurchase of own shares at a market value of up to DKr3bn, taking the total repurchase in 2004 to DKr6bn.
- Core earnings are expected to be between DKr11bn and DKr12bn for full-year 2004.
Download the report here: http://www.danskebank.com/reports" class="hugin">www.danskebank.com/reports
For further information please contact:
Peter Straarup,
Chairman of the Executive Board, tel.: +45 33 44 01 07
Tonny T. Andersen,
Chief Financial Officer, tel.: +45 33 44 11 47
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