Jyske Bank reiterates 2009 guidance after Q2

Denmark's Jyske Bank confirmed on Tuesday that second-quarter profits fell from a year ago, but results rebounded from a first-quarter loss, and stuck to its full-year 2009 guidance. As announced earlier, second-quarter pretax profit fell to 345 million Danish crowns ($66.32 million) from 420 million in the same quarter last year, but the result recovered a loss of 67 million crowns in the first quarter.

The bank, which had released preliminary figures on July 16,repeated its forecast for full-year 2009 core earnings before loan impairments and provisions for guarantees of about 2.7billion crowns.

"Since July 1 operations have confirmed that core earnings before loan impairment charges and provisions for guarantees will for 2009 as a whole reach the upgraded level of about 2.7 billion crowns" Jyske Bank said. "Also, so far the development of impairment charges is as expected."

(Reporting by John Acher)