Ringkjoebing Landbobank A/S
Annual report 2016

Ringkjoebing Landbobank A/S / Annual Financial Report

31-Jan-2017 / 09:39 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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2016 in headlines:

  -- The best profit in the bank's history
  -- 12% improvement in profit before tax to DKK 661 million, equivalent to a
     21% return on equity
  -- Core earnings increased to DKK 617 million, exceeding expectations
  -- High levels of customer satisfaction and willingness to recommend the bank
  -- The rate of costs was 32.3 - the lowest in Denmark
  -- Increase in loans of 3% and in deposits of 8%
  -- Proposed dividend raised from DKK 30 to DKK 36 per share. A new buy-back
     programme for up to DKK 170 million is also proposed, increasing the total
     pay-out ratio to 62%
  -- Expectations for core earnings of DKK 515 - 615 million in 2017, plus the
     result for the portfolio

Please read the complete Annual Report in the attached pdf.

Click on, or paste the following link into your web browser, to view
the associated documents

https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=612586

News Source: NASDAQ OMX







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     Language:         English
     Company:          Ringkjoebing Landbobank A/S


                       Denmark
     ISIN:             DK0060032068
     Category Code:    ACS
     TIDM:             0FTC
     Sequence No.:     3803



     End of Announcement    EQS News Service