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BRIEF-Spar Nord Bank Q4 net interest income drops to DKK 395.3 mln
February 9, 2017 / 10:33 AM / 10 months ago

BRIEF-Spar Nord Bank Q4 net interest income drops to DKK 395.3 mln

Feb 9 (Reuters) - Spar Nord Bank A/S:

* Q4 net interest income 395.3 million Danish crowns ($56.88 million) versus 415.8 million crowns year ago

* Q4 loan losses 54.6 million crowns versus 75.5 million crowns year ago

* Q4 core earnings 185.2 million crowns versus 169.3 million crowns year ago

* Solid capital position paves way for recommendation that a dividend of 5 crowns per share be distributed for 2016, equal to a payout ratio of 75%

* “Low interest level and presumably sustained relatively moderate demand for loans and financing will once more drive us to fight hard for top line”

* 2017 core earnings before impairment are expected to hover around the DKK 1.1-1.2 billion mark Source text for Eikon: Further company coverage: ($1 = 6.9492 Danish crowns) (sGdynia Newsroom)

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