Edition:
United States

Spar Nord Bank A/S (SPNO.CO)

SPNO.CO on Copenhagen Stock Exchange

83.20DKK
18 Aug 2017
Change (% chg)

kr.-0.75 (-0.89%)
Prev Close
kr.83.95
Open
kr.83.00
Day's High
kr.83.50
Day's Low
kr.82.80
Volume
80,114
Avg. Vol
161,507
52-wk High
kr.88.05
52-wk Low
kr.55.50

Latest Key Developments (Source: Significant Developments)

Spar Nord Bank Q2 pre-tax profit up at DKK 322.0 ‍​million
Wednesday, 16 Aug 2017 05:05am EDT 

Aug 16 (Reuters) - SPAR NORD BANK A/S ::Q2 PRE-TAX PROFIT DKK 322.0 ‍​ MILLION VERSUS DKK 264.9 MILLION YEAR AGO.Q2 REVERSAL OF LOAN LOSSES (RECLASSIFIED) DKK 10.2‍​ MLN VS LOAN LOSSES DKK 78.9 MLN YR AGO .UPGRADES FY FORECAST FOR CORE EARNINGS BEFORE IMPAIRMENT FROM “AROUND THE DKK 1.1-1.2 BILLION MARK” TO “AROUND DKK 1,250 MILLION”‍​.LOAN IMPAIRMENTS ARE NOW EXPECTED TO BE SUBSTANTIALLY LOWER THAN IN 2016‍​.Q2 NET INTEREST INCOME (RECLASSIFIED) DKK 393.0 MILLION VERSUS DKK 417.2 MILLION YEAR AGO.  Full Article

Spar Nord Bank Q1 net interest income down at DKK 393 million
Wednesday, 3 May 2017 02:31am EDT 

May 3 (Reuters) - SPAR NORD BANK A/S ::Q1 NET INTEREST INCOME DKK 393 MILLION VERSUS DKK 396 MILLION YEAR AGO.Q1 LOAN LOSSES DKK 2 MILLION VERSUS DKK 55 MILLION YEAR AGO.Q1 PRE-TAX PROFIT DKK 398 MILLION VERSUS DKK 204 MILLION YEAR AGO.LOAN IMPAIRMENT LOSSES ARE STILL EXPECTED TO BE LOWER THAN IN 2016.OUTLOOK FOR REST OF 2017, FORECAST FOR FULL-YEAR CORE EARNINGS BEFORE IMPAIRMENT OF DKK 1.1-1.2 BILLION IS MAINTAINED.  Full Article

Spar Nord Bank Q4 net interest income drops to DKK 395.3 mln
Thursday, 9 Feb 2017 05:00am EST 

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.  Full Article

Spar Nord Bank: Kjeld Johannesen buys 1 mln shares in Spar Nord Bank
Friday, 2 Dec 2016 06:39am EST 

Spar Nord Bank A/S : Board member Kjeld Johannesen bought 1 million shares in Spar Nord Bank at 1 million Danish crowns ($145,000) .Bangsbo Invest, related to board member Kaj Christiansen, bought 4 million shares in Spar Nord Bank at 4 million crowns.  Full Article

Spar Nord investigates issue of Additional Tier 1 (AT1) capital
Thursday, 17 Nov 2016 03:59am EST 

Spar Nord Bank A/S : Investigates the potential for issuing Additional Tier 1 (AT1) capital . Loan, which is expected to be in order of 400 million Danish crowns ($57.7 million), will have perpetual term with possibility of early redemption five years after issue .Loan will have a trigger of 5 1/8 percent, which means that loan will be written down if Spar Nord's Common Equity Tier 1 (CET1) ratio drops below this limit.  Full Article

Spar Nord Bank Q2 pre-tax profit rises to DKK 264.9 mln
Wednesday, 24 Aug 2016 05:30am EDT 

Spar Nord Bank A/S : Q2 net interest income 439.3 million Danish crowns ($66.6 million) versus 450.4 million crowns year ago . Q2 loan losses 101.0 million crowns versus 77.0 million crowns year ago . Q2 pre-tax profit 264.9 million crowns versus 207.7 million crowns year ago . In conjunction with Q1-Q3 quarterly report expects to publish a new strategy plan containing targets for coming years . Maintains its full-year forecast for core earnings before impairment of around 1.1 billion crowns .Loan impairment losses are now expected to be slightly lower than in 2015.  Full Article

Spar Nord Bank appoints Kjeld Johannesen Chairman
Wednesday, 20 Apr 2016 12:05pm EDT 

Spar Nord Bank A/S:At the following Board Meeting for the purpose of electing officers, the Supervisory Board appointed Kjeld Johannesen Chairman of the Board.  Full Article

Spar Nord Bank proposes FY 2015 dividend of DKK 3/shr; issues FY 2016 core earnings outlook
Wednesday, 10 Feb 2016 05:00am EST 

Spar Nord Bank A/S:Proposes FY 2015 dividend of 3 Danish crowns per share.FY 2016 core earnings before impairment are expected to hover around the 1.1 billion crowns mark.  Full Article

Spar Nord takes over business customers from FIH
Monday, 25 Jan 2016 02:55am EST 

Spar Nord Bank A/S:Takes over business customers from FIH Erhvervsbank ‍.Will take over 34 business customer facilities with a total business volume of 907 million Danish crowns.Says will not take over any employees and will not pay goodwill in connection with transaction​​.  Full Article

Board member buys 5,000 shares for DKK 312,500 in Spar Nord Bank
Wednesday, 4 Nov 2015 04:33am EST 

Spar Nord Bank A/S:Value Spread 1 Aps, owned by board member Per Nikolai Bukh, bought 5,000 shares in Spar Nord Bank for 312,500 Danish crowns.  Full Article