Ringkjoebing Landbobank A/S
Ringkjoebing Landbobank’s interim report 2016 – Upward adjustment of expectations for the full year

Ringkjoebing Landbobank A/S / Half-yearly Results

03-Aug-2016 / 08:42 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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The profit before tax was DKK 327 million, representing a return of 21% p.a. on
equity at the beginning of the period, which is considered highly satisfactory.
The bank's core earnings increased by 3% to a total of DKK 314 million, which
is above budget for the first half-year.


(Million DKK)                      1st half  1st half  2015  2014  2013  2012
                                       2016      2015                        
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Total core income                       488       482   954   907   844   823
Total costs and depreciations          -150      -149  -306  -298  -273  -265
Core earnings before impairments        338       333   648   609   571   558
Impairment charges for loans etc.       -24       -29   -60   -87  -120  -157
Core earnings                           314       304   588   522   451   401
Result for portfolio etc.               +13       +15     0   +65   +21   +47
Profit before tax                       327       319   588   587   472   448



The half-year - highlights:

  -- Upward adjustment of expectations for core earnings to the range DKK 525 -
     600 million
  -- The profit before tax was DKK 327 million, equivalent to a return of 21%
     p.a. on equity at the beginning of the period
  -- 3% increase in core earnings to DKK 314 million, which is above budget for
     the half-year
  -- The rate of costs for the half-year was 30.7%, which is still the lowest in
     Denmark
  -- DKK 5 million decrease in impairment charges to DKK 24 million, the
     equivalent of 0.2% p.a.
  -- 18% increase in the bank's loans and 4% increase in deposits
  -- Continued highly satisfactory increase in customer numbers in both the
     branch network and the niche concepts

Please do not hesitate to contact the bank's management if you have any
questions. 



       Yours sincerely,        
     Ringkjoebing Landbobank    
John Fisker        Joern Nielsen

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News Source: NASDAQ OMX







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     Language:           English                       
     Company:            Ringkjoebing Landbobank A/S   
   
   
                         Denmark                       
     ISIN:               DK0060032068                  
     Category Code:      IR                            
     TIDM:               0FTC                          
     Sequence Number:    3291                          
     Time of Receipt:    03-Aug-2016 / 08:42 CET/CEST  
   
   
     End of Announcement    EQS News Service