SYDBANK – INTERIM REPORT – Q1-Q3 2021 4/44 Group Financial Highlights Q1-Q3 2021 Q1-Q3 2020 Index 21/20 Q3 2021 Q3 Full year 2020 2020 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 3,280 188 3,468 2,395 1,073 (311) 1,384 (26) 1,358 (76) 1,282 269 1,013 2,711 204 2,915 2,046 869 46 823 (33) 790 (55) 735 162 573 121 1,087 92 47 119 1,134 117 748 123 386 - (105) 168 491 79 (7) 172 484 138 (27) 174 457 166 89 177 368 882 3,670 88 278 970 3,948 628 2,774 342 1,174 4 47 338 1,127 0 (31) 338 1,096 (18) (75) 320 1,021 71 222 249 799 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 64.3 19.1 94.1 9.6 1.9 0.8 12.5 164.5 56.0 16.1 82.9 7.4 1.9 0.8 11.5 151.1 115 64.3 56.0 60.2 119 19.1 16.1 18.0 114 94.1 82.9 95.9 130 9.6 7.4 9.6 100 1.9 1.9 1.9 100 0.8 0.8 0.8 109 12.5 11.5 11.7 109 164.5 151.1 165.8 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 16.4 192.0 210.8 0.91 59.3 5.70 9.1 99.6 194.2 0.51 59.0 - 6.0 192.0 210.8 0.91 59.3 5.70 4.0 99.6 194.2 0.51 58.6 - 12.8 134.5 197.6 0.68 60.4 4.00 Other financial ratios and key figures CET1 ratio 16.8 20.1 16.8 20.1 18.8 T1 capital ratio 18.1 21.8 18.1 21.8 20.4 Capital ratio 21.5 25.6 21.5 25.6 24.0 Pre-tax profit as % p.a. of average equity 13.7 8.3 14.4 10.9 8.6 Post-tax profit as % p.a. of average equity 10.7 6.4 11.5 8.4 6.6 Costs (core earnings) as % of total income 69.1 70.2 66.0 64.7 70.3 Return on assets (%) 0.6 0.4 0.2 0.2 0.51 Interest rate risk 0.5 1.0 0.5 1.0 1.6 Foreign exchange position 2.5 2.0 2.5 2.0 1.2 Foreign exchange risk 0.0 0.0 0.0 0.0 0.0 Liquidity, LCR (%) 202 231 202 231 210 Loans and advances relative to deposits 0.6 0.6 0.6 0.6 0.5 Loans and advances relative to equity 5.3 5.1 5.3 5.1 5.1 Growth in loans and advances during the period 6.7 (7.6) 4.8 0.8 (0.5) Total large exposures 146 153 146 153 149 Accumulated impairment ratio 2.2 2.8 2.2 2.8 2.7 Impairment ratio for the period (0.36) 0.06 (0.12) 0.01 0.10 Number of full-time staff at end of period 2,109 1,983 106 2,109 1,983 2,286 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 2020 Annual Report (page 118).
Download PDF fil