Ringkjoebing Landbobank A/S
Ringkjoebing Landbobank’s quarterly report, 1st-3rd quarter of 2016 – Clarification of expectations for the full year

Ringkjoebing Landbobank A/S / 3rd Quarter Results

26-Oct-2016 / 08:30 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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Profit before tax increased by 11% to DKK 497 million, equivalent to a return
of 21% p.a. on equity, which is considered highly satisfactory. The bank's core
earnings increased by 4% to a total of DKK 461 million, which is above budget
for the first three quarters of the year.


(Million DKK)                       1st-3rd      1st-3rd  2015  2014  2013  2012
                                       qtr.         qtr.                        
                                       2016         2015                        
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Total core income                       721          710   954   907   844   823
Total costs and depreciations          -224         -221  -306  -298  -273  -265
Core earnings before                    497          489   648   609   571   558
 impairments                                                                    
Impairment charges for loans            -36          -44   -60   -87  -120  -157
 etc.                                                                           
Core earnings                           461          445   588   522   451   401
Result for portfolio etc.               +36           +1     0   +65   +21   +47
Profit before tax                       497          446   588   587   472   448



Three quarters - highlights:

  -- Clarification of expectations for core earnings for the year given around
     the upper end of the previously announced range of DKK 525 - 600 million
  -- The profit before tax was DKK 497 million, equivalent to a return of 21%
     p.a. on equity
  -- 4% increase in core earnings to DKK 461 million, which is above budget for
     the period
  -- The rate of costs for the period was 31.1%, which is still the lowest in
     Denmark
  -- Decrease in impairment charges to DKK 36 million, the equivalent of 0.2%
     p.a.
  -- 12% increase in the bank's loans and 21% 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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     Language:           English                       
     Company:            Ringkjoebing Landbobank A/S   
   
   
                         Denmark                       
     ISIN:               DK0060032068                  
     Category Code:      QRT                           
     TIDM:               0FTC                          
     Sequence Number:    3516                          
     Time of Receipt:    26-Oct-2016 / 08:30 CET/CEST  
   
   
     End of Announcement    EQS News Service