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BRIEF-Grønlandsbanken 2016 pre-tax profit up at DKK 113.4 million
February 28, 2017 / 3:56 PM / 7 months ago

BRIEF-Grønlandsbanken 2016 pre-tax profit up at DKK 113.4 million

Feb 28 (Reuters) - Groenlandsbanken A/S:

* FY net interest and fee income 289.8 million Danish crowns ($41.3 million) versus 284.2 million crowns year ago

* FY loan losses 14.0 million crowns versus 19.4 million crowns year ago

* FY pre-tax profit 113.4 million crowns versus 106.6 million crowns year ago

* Has conservative expectation of profit before value adjustments and write-downs of 125 million - 145 million crowns in 2017

* Says moderate to low level of losses and write-downs is still expected in 2017

Source text for Eikon:

Further company coverage: ($1 = 7.0110 Danish crowns) (Gdynia Newsroom)

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