Ringkjøbing Landbobank A/S
Ringkjøbing Landbobank’s quarterly report for the first to third quarters of 2008 remains positive
Ringkjøbing Landbobank A/S / Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Core earnings before write-downs amounted to DKK 373 million against DKK 359 million in the same period last year. Write-downs amounted to DKK 29 million, after which the bank's core earnings were DKK 344 million. Notwithstanding the costs incurred in connection with the state guarantee scheme, expectations regarding the core earnings for the year within the range DKK 375-450 million are maintained. 1st-3rd quarter - highlights: - 8% decrease in pre-tax profit to DKK 329 million - 27% p.a. pre-tax return on equity at beginning of year - Core earnings before write-downs show an increase of 4% to DKK 373 million. - Good credit quality still keeping write-downs low at net DKK 29 million - Rate of costs 31.5, still the lowest in the country - Business - deposits up by 7% and loans up by 3% - Solvency ratio 15.7% - core capital ratio 12.6% - Participation in the state guarantee scheme means monthly costs of approx. DKK 5 million - The bank's expectations for core earnings in 2008 remains in the range DKK 375-450 million. Please do not hesitate to contact the bank's management if you have any questions. Yours sincerely, Ringkjøbing Landbobank News Source: NASDAQ OMX 22.10.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Ringkjøbing Landbobank A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0003456952 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found