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Spar Nord Bank A/S (SPNO.CO)

SPNO.CO on Copenhagen Stock Exchange

55.30DKK
19 Oct 2018
Change (% chg)

kr.-0.10 (-0.18%)
Prev Close
kr.55.40
Open
kr.55.50
Day's High
kr.55.80
Day's Low
kr.54.20
Volume
85,999
Avg. Vol
85,029
52-wk High
kr.82.00
52-wk Low
kr.54.20

Latest Key Developments (Source: Significant Developments)

Spar Nord Acquires Strategic Stake In Danske Andelskassers Bank
Wednesday, 26 Sep 2018 02:40am EDT 

Sept 26 (Reuters) - Spar Nord Bank A/S ::REG-SPAR NORD ACQUIRING STRATEGIC STAKE IN DANSKE ANDELSKASSERS BANK (DAB) <<>>.ACQUIRED 39,319,988 SHARES IN DANSKE ANDELSKASSERS BANK A/S.STAKE IS ACQUIRED FOR DKK 236 MILLION.NOW HOLDS 27.05 % OF VOTING RIGHTS AND SHARE CAPITAL OF DAB.DAB INVESTMENT WILL BE RECOGNISED IN SPAR NORD'S FINANCIAL STATEMENTS AS AN INVESTMENT IN "ASSOCIATES".WOULD LIKE TO DISCUSS POSSIBILITY OF MAKING ATTRACTIVE OFFER TO ALL DAB SHAREHOLDERS ON RIGHT TERMS AND CONDITIONS.HOPES DIALOGUE WITH DAB SHAREHOLDERS TO COMMENCE IN MONTHS TO COME.  Full Article

Spar Nord Bank Q1 Pretax Profit At DKK 367 Million
Wednesday, 2 May 2018 02:41am EDT 

May 2 (Reuters) - SPAR NORD BANK A/S ::REG-INTERIM REPORT Q1 2018.Q1 PRETAX PROFIT DKK 367 MILLION VERSUS DKK 398 MILLION YEAR AGO.Q1 NET INTEREST INCOME DKK 389 MILLION VERSUS DKK 392 MILLION YEAR AGO.ON THE BASIS OF THE OVERALL FINANCIAL PERFORMANCE FOR Q1, SPAR NORD RETAINS ITS GUIDANCE.  Full Article

Spar Nord issues tier 2 capital
Monday, 9 Oct 2017 10:11am EDT 

Oct 9 (Reuters) - SPAR NORD BANK A/S ::SPAR NORD ISSUES TIER 2 CAPITAL.‍ENTERED INTO AGREEMENT WITH A NUMBER OF SWEDISH INVESTORS TO ISSUE NEW TIER 2 CAPITAL IN FORM OF A BOND LOAN IN AMOUNT OF SEK 600 MILLION (APPROX. DKK 470 MILLION)​.‍BOND LOAN HAS A MATURITY OF 10 YEARS AND CAN BE CALLED AFTER 5 YEARS​.‍COUPON IS 3 MONTH STIBOR PLUS A MARGIN (SEK) OF 250 BASIS POINTS​.  Full Article

Spar Nord Bank Q3 core earnings before impairment up at DKK 428 million
Wednesday, 2 Nov 2016 03:35am EDT 

Spar Nord Bank A/S : Q3 core earnings before impairment 428 million Danish crowns ($63.70 million) versus 286 million crowns year ago . Q3 impairment of loans and advances 54 million crowns versus 79 million crowns in Q2 . Forecast for full-year core earnings is adjusted upwards from around 1.1 billion crowns to about 1.2 billion crowns . FY loan impairment losses are now expected to be somewhat down on last year . Says new strategy plan for 2017-19 includes growth initiatives and effciency-enhancing initiatives, which when fully implemented are expected to contribute 200 million crowns and 100 million crowns .2017-19 target for return on equity is 9-11 pct after tax, and cost/income ratio is expected to be 0.60.  Full Article