Sydbank Q2 profit tops forecast
COPENHAGEN Aug 21 (Reuters) - Denmark's Sydbank reported a bigger-than-expected rise in pretax profit for the second quarter on Wednesday underpinned by stronger core income, stable costs and easing loan losses.
Sydbank, the third-biggest Danish bank by market capitalisation, reported pretax profit of 318 million Danish crowns ($57.25 million) up from a year-ago loss of 187 million and beating an average 200 million forecast in a Reuters poll.
Loan impairments shrank to 325 million crowns from 678 million in the corresponding quarter a year ago, marginally more than an average 306 million crowns forecast in the poll. ($1 = 5.5546 Danish crowns) (Via Stockholm newsroom)
- U.S. war veteran released by North Korea returns home |
- South Korea to make announcement on air zone; expansion is anticipated |
- Pro-Europe protesters gather for rally in Kiev
- Pennsylvania newlyweds "just wanted to murder someone together:" police
- Obama defends interim Iran deal, seeks to assure Israel