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Sydbank A/S (SYDB.CO)

SYDB.CO on Copenhagen Stock Exchange

244.60DKK
15 Dec 2017
Change (% chg)

kr.-2.10 (-0.85%)
Prev Close
kr.246.70
Open
kr.245.10
Day's High
kr.247.00
Day's Low
kr.244.40
Volume
209,105
Avg. Vol
189,895
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kr.266.00
52-wk Low
kr.217.10

Latest Key Developments (Source: Significant Developments)

Sydbank Increases Ownership Interest In Sparekassen Sjælland-Fyn
Thursday, 14 Dec 2017 09:45am EST 

Dec 14 (Reuters) - SYDBANK A/S ::MAJOR SHAREHOLDER ANNOUNCEMENT ACCORDING TO SECTION 29 OF THE DANISH SECURITIES TRADING ACT.INCREASED ITS OWNERSHIP INTEREST TO 5.2% OF SHARE CAPITAL OF SPAREKASSEN SJÆLLAND-FYN.  Full Article

Sydbank Q3 core earnings beat expectations
Tuesday, 31 Oct 2017 03:22am EDT 

Oct 31 (Reuters) - SYDBANK A/S :Q3 CORE EARNINGS DKK 500‍​ MILLION (REUTERS POLL DKK 447 MILLION).SAYS ‍LIMITED GROWTH IS PROJECTED FOR DANISH ECONOMY IN 2017.​.‍IMPAIRMENT CHARGES IN 2017 ARE FORECAST TO BE LOWER THAN LEVEL RECORDED IN 2016.​.2017 CORE INCOME IS EXPECTED TO BE ON A PAR WITH THE CORE INCOME GENERATED IN 2016.Q3 PRE-TAX PROFIT DKK 497‍​ MILLION (REUTERS POLL DKK 450 MILLION).2017 TRADING INCOME IS ANTICIPATED TO REMAIN UNCHANGED RELATIVE TO INCOME IN 2016.  Full Article

Sydbank to issue EUR 75 mln as Tier 2 capital​
Tuesday, 17 Oct 2017 03:37am EDT 

Oct 17 (Reuters) - SYDBANK A/S :‍WILL ISSUE EUR 75M AS TIER 2 CAPITAL​.‍TIER 2 CAPITAL IS A 12-YEAR ISSUE WITH A FIRST CALL OPTION AFTER 7 YEARS​.‍PRICE IS 3M EURIBOR PLUS 185BP​.  Full Article

Sydbank sees 2017 core income on par with core income in 2016
Tuesday, 29 Aug 2017 02:25am EDT 

Aug 29 (Reuters) - SYDBANK A/S ::SEES 2017 CORE INCOME TO BE ON PAR WITH CORE INCOME GENERATED IN 2016 (BASED ON LEVEL OF INTEREST RATES AT BEGINNING OF 2017).IMPAIRMENT CHARGES IN 2017 ARE FORECAST TO BE LOWER THAN LEVEL RECORDED IN 2016.BASED ON LEVEL OF INTEREST RATES AT BEGINNING OF 2017, CORE INCOME IS EXPECTED TO BE ON A PAR WITH CORE INCOME GENERATED IN 2016.2017 TRADING INCOME IS ANTICIPATED TO REMAIN UNCHANGED RELATIVE TO INCOME IN 2016 BUT IS DEPENDENT ON FINANCIAL MARKET DEVELOPMENT.IMPAIRMENT CHARGES IN 2017 ARE FORECAST TO BE LOWER THAN LEVEL RECORDED IN 2016.Q2 TOTAL CORE INCOME DKK 1.09 BILLION (REUTERS POLL DKK 1.10 BILLION).Q2 PRE-TAX PROFIT DKK 473 MILLION (REUTERS POLL DKK 429 MILLION).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 DKK 75M IN 2017.Q2 CORE EARNINGS DKK 428 MILLION (REUTERS POLL DKK 418 MILLION).  Full Article

Sydbank Q1 pre-tax profit DKK 574 million, above expectations
Wednesday, 3 May 2017 02:25am EDT 

May 3 (Reuters) - SYDBANK A/S :IMPAIRMENT CHARGES IN 2017 ARE FORECAST TO BE ON A PAR WITH IMPAIRMENT CHARGES RECORDED IN 2016.LIMITED GROWTH IS PROJECTED FOR DANISH ECONOMY IN 2017..Q1 TOTAL CORE INCOME DKK 1.05 BILLION (REUTERS POLL DKK 1.10 BILLION).Q1 CORE EARNINGS DKK 444 MILLION (REUTERS POLL DKK 407 MILLION).Q1 PRE-TAX PROFIT DKK 574 MILLION (REUTERS POLL DKK 432 MILLION).‍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​.  Full Article

Sydbank A/S: Early repayment of Additional Tier 1 capital
Friday, 31 Mar 2017 04:04am EDT 

SYDBANK A/S : EARLY REPAYMENT OF ADDITIONAL TIER 1 CAPITAL . DANISH FSA HAS APPROVED SYDBANK'S EARLY REPAYMENT OF ADDITIONAL TIER 1 CAPITAL OF EUR 100M AND DKK 84,868,000, RESPECTIVELY . LOANS WILL BE REPAID EFFECTIVE 25 APRIL 2017 AND 15 MAY 2017, RESPECTIVELY .AFTER REPAYMENT BANK'S CAPITAL RATIO, WHICH REPRESENTED 19.2% AT 31 DECEMBER 2016, WILL CONSTITUTE 18.5% MEASURED AT 31 DECEMBER 2016.  Full Article

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

BRIEF-Sydbank Increases Ownership Interest In Sparekassen Sjælland-Fyn

* MAJOR SHAREHOLDER ANNOUNCEMENT ACCORDING TO SECTION 29 OF THE DANISH SECURITIES TRADING ACT