SYDBANK – INTERIM REPORT – FIRST HALF 2020 4/43 Group Financial Highlights 1H 2020 1H 2019 Index 20/19 Q2 2020 Q2 Full year 2019 2019 Income statement (DKKm) Core income Trading income Total income Costs, core earnings Core earnings before impairment Impairment of loans and advances etc Core earnings Investment portfolio earnings Profit before non-recurring items Non-recurring items, net Profit before tax Tax Profit for the period 1,829 1,805 101 869 905 3,655 116 136 85 109 40 224 1,945 1,941 100 978 945 3,879 1,418 1,429 99 700 710 2,783 527 512 103 278 235 1,096 42 (34) - (42) (20) (97) 485 546 89 320 255 1,193 (33) (28) 118 45 (14) (61) 452 518 87 365 241 1,132 (37) (39) 95 (20) (22) (51) 415 479 87 345 219 1,081 91 90 101 76 35 228 324 389 83 269 184 853 Balance sheet highlights (DKKbn) Loans and advances at amortised cost Loans and advances at fair value Deposits and other debt Bonds issued at amortised cost Subordinated capital AT1 capital Shareholders’ equity Total assets 55.5 19.1 84.2 7.4 1.9 0.8 11.2 150.4 60.9 7.0 89.1 7.4 1.9 0.8 10.7 152.1 91 55.5 60.9 60.6 273 19.1 7.0 12.6 95 84.2 89.1 84.3 100 7.4 7.4 7.4 100 1.9 1.9 1.9 100 0.8 0.8 0.8 105 11.2 10.7 11.0 99 150.4 152.1 147.7 Financial ratios per share (DKK per share of DKK 10) Profit for the period Share price at end of period Book value Share price/book value Average number of shares outstanding (in millions) Dividend per share 5.1 123.0 190.2 0.65 59.1 - 6.0 125.1 176.1 0.71 61.0 - 4.4 123.0 190.2 0.65 59.0 - 2.9 125.1 176.1 0.71 61.0 - 13.4 139.8 184.9 0.76 60.4 - Other financial ratios and key figures CET1 ratio 20.2 16.6 20.2 16.6 17.8 T1 capital ratio 22.0 18.3 22.0 18.3 19.4 Capital ratio 25.9 21.6 25.9 21.6 22.9 Pre-tax profit as % p.a. of average equity 7.1 8.7 12.1 7.9 9.7 Post-tax profit as % p.a. of average equity 5.4 7.0 9.3 6.6 7.5 Costs (core earnings) as % of total income 72.9 73.6 71.6 75.1 71.7 Return on assets (%) 0.2 0.3 0.2 0.3 0.6 Interest rate risk 0.9 1.3 0.9 1.3 1.6 Foreign exchange position 1.3 1.6 1.3 1.6 1.6 Foreign exchange risk 0.0 0.0 0.0 0.0 0.0 Liquidity, LCR (%) 232 207 232 207 174 Loans and advances relative to deposits 0.6 0.6 0.6 0.6 0.6 Loans and advances relative to equity 5.1 5.8 5.1 5.7 5.5 Growth in loans and advances during the period (8.3) (0.2) (7.5) 0.0 (0.7) Total large exposures 152 149 152 149 143 Accumulated impairment ratio 3.0 3.4 3.0 3.4 2.7 Impairment ratio for the period 0.06 (0.04) (0.06) (0.03) (0.12) Number of full-time staff at end of period 1,979 2,069 96 1,979 2,069 2,030 When calculating financial ratios AT1 capital is considered a liability regardless of the fact that it is accounted for as equity. Reference is made to financial ratio definitions in the 2019 Annual Report page 112.
Download PDF fil