SYDBANK – INTERIM REPORT – FIRST HALF 2022 4/44 Group Financial Highlights H1 2022 H1 2021 Index 22/21 Q2 2022 Q2 2021 Full year 2021 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 2,399 116 2,515 1,574 941 (84) 1,025 (91) 934 25 959 211 748 2,193 141 2,334 1,647 687 (206) 893 (19) 874 (49) 825 180 645 109 1,199 1,088 4,436 82 16 68 291 108 1,215 1,156 4,727 96 775 814 3,177 137 440 342 1,550 41 (23) (125) (415) 115 463 467 1,965 479 (62) 2 (21) 107 401 469 1,944 - (12) (17) (180) 116 389 452 1,764 117 86 98 353 116 303 354 1,411 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 74.2 12.9 100.2 9.6 1.1 0.8 12.2 169.1 61.4 20.3 98.1 9.6 1.9 0.8 12.2 169.8 121 74.2 61.4 67.0 64 12.9 20.3 16.9 102 100.2 98.1 93.9 100 9.6 9.6 13.3 58 1.1 1.9 1.9 100 0.8 0.8 0.8 100 12.2 12.2 12.4 100 169.1 169.8 168.2 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 Dividend for 2019 (paid out) 12.5 217.2 212.3 1.02 58.2 - - 10.4 193.1 205.1 0.94 59.3 - - 5.0 217.2 212.3 1.02 58.0 - - 5.8 193.1 205.1 0.94 59.3 - - 23.0 206.8 212.6 0.97 59.2 12.00 5.70 Other financial ratios and key figures CET1 ratio 16.6 17.7 16.6 17.7 T1 capital ratio 17.8 19.1 17.8 19.1 Capital ratio 19.1 22.5 19.1 22.5 Pre-tax profit as % p.a. of average equity 15.3 13.4 12.4 14.7 Post-tax profit as % p.a. of average equity 11.9 10.4 9.6 11.4 Costs (core earnings) as % of total income 62.6 70.6 63.8 70.4 Return on assets (%) 0.4 0.4 0.2 0.2 Interest rate risk 1.4 1.7 1.4 1.7 Foreign exchange position 3.3 1.2 3.3 1.2 Foreign exchange risk 0.0 0.0 0.0 0.0 Liquidity, LCR (%) 170 235 170 235 Loans and advances relative to deposits 0.6 0.5 0.6 0.5 Loans and advances relative to equity 6.1 5.0 6.1 5.0 Growth in loans and advances during the period 10.7 1.9 3.6 (0.3) Total large exposures 154 141 154 141 Accumulated impairment ratio 2.0 2.4 2.0 2.4 Impairment ratio for the period (0.09) (0.24) (0.02) (0.15) Number of full-time staff at end of period 2,017 2,126 95 2,017 2,126 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 2021 Annual Report (page 116). 17.9 19.3 22.8 14.1 11.2 67.2 0.8 1.6 1.1 0.0 200 0.6 5.4 11.3 140 2.2 (0.47) 2,077
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