Interim Financial Report - First nine months 2018

30.10.2018



Pre-tax profit, exclusive of derived effects from IFRS 9: DKK 1,194m, corresponding to a return of 9.9% p.a. on average equity.

Post-tax profit, exclusive of derived effects from IFRS 9: DKK 951m, corresponding to a return of 7.9% p.a. on average equity.

Pre-tax profit: DKK 787m (Q1 - Q3 2017: DKK 860m) corresponding to a return of 6.5% p.a. on average equity (Q1 - Q3 2017: 8.7% p.a.).

Net profit for the period: DKK 634m (Q1 - Q3 2017: DKK 673m) corresponding to a return of 5.3% p.a. on average equity (Q1 - Q3 2017: 6.8% p.a.).

Core profit: DKK 1,194m (Q1 - Q3 2017: DKK 797m).

Core expenses: DKK 552m, corresponding to a decline by 15% relative to Q1 -Q3 2017.

Ordinary impairment charges affected core profit by DKK 44m (Q1 - Q3 2017: DKK 101m).

The effect from the implementation of IFRS 9 and adjustments to the standard amounted to DKK 407m at the beginning of 2018.

At the end of the first nine months of 2018, the capital ratio and Core Tier 1 capital ratio was 21.3% (End of 2017: 20.8%).

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