Published: 12:08 26.10.2004 GMT+2 /HUGIN /Source: Danske Bank /CSE: DDB /ISIN: DK0010274414
Net profit of DKr6,879m for the first nine months of 2004
On October 26, 2004, Danske Bank Group released its nine-month report for 2004. Highlights are shown below:
The Danske Bank Group recorded a net profit of DKr6,879m, against a net profit of DKr6,834m for the same period of 2003.
- Core income was DKr19,805m, against DKr20,392m for the first three quarters of 2003.
- Operating expenses and depreciation declined 5% relative to the first three quarters of 2003. The cost/core income ratio improved to 52.9% from 53.9%.
- Provisions for bad and doubtful debts fell to DKr405m from DKr1,262m in the first three quarters of 2003.
- Core earnings rose to DKr8,918m, against DKr8,140m for the same period of 2003.
- Earnings from investment portfolios were DKr726m, against DKr1,459m for the first three quarters of 2003.
- 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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