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Sydbank A/S (SYDB.CO)

SYDB.CO on Copenhagen Stock Exchange

242.90DKK
11:16am EDT
Change (% chg)

kr.3.80 (+1.59%)
Prev Close
kr.239.10
Open
kr.239.00
Day's High
kr.242.90
Day's Low
kr.238.50
Volume
191,485
Avg. Vol
176,324
52-wk High
kr.259.70
52-wk Low
kr.156.50

Latest Key Developments (Source: Significant Developments)

Sydbank to repurchase shares
Wednesday, 1 Mar 2017 03:05am EST 

Sydbank A/S : Sydbank's board of directors has decided to implement a share buyback programme of 664 million Danish crowns ($94.16 million), however a maximum of 4 million shares .Share buyback programme will be initiated on March 2, 2017 and will be completed by December 31, 2017.  Full Article

Sydbank Q4 pre-tax profit 560 million Danish crowns, above estimates
Wednesday, 1 Mar 2017 02:27am EST 

Sydbank A/S : Q4 pre-tax profit 560 million Danish crowns ($80 million)(Reuters poll 449 million crowns) . Proposed dividend of 10.46 crowns per share. . Based on level of interest rates at beginning of 2017, core income is expected to be on a par with core income generated in 2016. . Impairment charges for 2017 are forecast to be on a par with impairment charges recorded for 2016. .As a result of intensified digitization of bank as well as establishment of a new mortgage platform non-recurring costs are expected to represent around 75 million crowns in 2017.  Full Article

Sydbank Q2 core earnings DKK 412 million, above estimates
Thursday, 25 Aug 2016 02:27am EDT 

Sydbank A/S : Q2 pre-tax profit 452 million Danish crowns (Reuters poll 416 million crowns) . Q2 core earnings 412 million crowns (Reuters poll 399 million crowns) . Q2 total income 1.12 billion crowns (Reuters poll 1.11 billion crowns) . Sees slight decline in core income in 2016 relative to income for 2015 . Sees lower impairment charges in 2016 .Sees for 2016 unchanged trading income relative to income for 2015 but dependent on financial market developments.  Full Article

Sydbank issues FY 2016 guidance; proposes total dividend for FY 2015 of DKK 11.12 per share
Wednesday, 24 Feb 2016 02:27am EST 

Sydbank A/S:‍Sees FY 2016 core income to remain unchanged as result of measures implemented and despite continued fierce competition​.Says lower impairment charges are forecast for FY 2016​.Proposes FY 2015 dividend of ‍​7.94 crowns per share.Proposes that an additional dividend of 3.18 crowns per share, equal to 20 pct of the group’s profit after tax, be distributed.Proposed dividend for FY 2015 totals 11.12 crowns per share.  Full Article

Sydbank announces termination of share buy-back programme
Wednesday, 4 Nov 2015 03:14am EST 

Sydbank A/S:Following transactions in week 45, share buy-back totals 500 million Danish crowns ($73.23 million) and consequently share buy-back is terminated.Share buy-back commenced on April 13, 2015 and must have been completed by Dec. 31, 2015.  Full Article

Moody’s updates rating on Sydbank
Wednesday, 17 Jun 2015 04:48am EDT 

Sydbank A/S:Says Moody's updates long-term deposit rating to A3 from Baa1.Outlook changed to stable from under review.  Full Article

Sydbank recovers full amount of damages paid to former minority shareholders of bankTrelleborg
Wednesday, 3 Jun 2015 09:53am EDT 

Sydbank A/S:Sydbank will recover the full amount of damages paid to former minority shareholders of bankTrelleborg.In 2013 Sydbank paid damages to former minority shareholders of bankTrelleborg due to inadequacies in the prospectus of bankTrelleborg from 2007 for which Sydbank was liable as a consequence of its merger with bankTrelleborg in 2008.Also in 2013 Sydbank received partial compensation for its loss by Fonden for bankTrelleborg which had sold the shares in bankTrelleborg to Sydbank.Says Sydbank has been conducting arbitration proceedings against AIG with whom prospectus liability insurance had been taken out as regards the prospectus of bankTrelleborg.Says arbitration tribunal has decided that Sydbank will recover remaining loss that Sydbank has incurred as a result of prospectus proceedings.  Full Article

Sydbank A/S will buy back shares
Friday, 10 Apr 2015 11:26am EDT 

Sydbank A/S:Decided to launch a share buyback programme of 500 million Danish crowns with purpose of reducing the bank’s share capital with the shares bought under programme.  Full Article

More From Around the Web

BRIEF-Sydbank to repurchase shares

* Sydbank's board of directors has decided to implement a share buyback programme of 664 million Danish crowns ($94.16 million), however a maximum of 4 million shares