Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Jyske Bank reiterates 2009 guidance after Q2

Source: Reuters - Tue 25th Aug 2009

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)

Comment on this Story

Be the first to comment on this Story !!

Recommended Items