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Sydbank A/S (SYDB.CO)

SYDB.CO on Copenhagen Stock Exchange

159.10DKK
16 Nov 2018
Change (% chg)

kr.-0.40 (-0.25%)
Prev Close
kr.159.50
Open
kr.160.00
Day's High
kr.160.10
Day's Low
kr.158.50
Volume
211,482
Avg. Vol
290,570
52-wk High
kr.259.00
52-wk Low
kr.146.90

Latest Key Developments (Source: Significant Developments)

Sydbank Adjusts Upwards 2018 Profit After Tax Guidance
Wednesday, 21 Mar 2018 04:31am EDT 

March 21 (Reuters) - Sydbank A/S ::REG-REVALUATION OF THE VALUE OF SYDBANK’S OWNERSHIP INTEREST IN BI HOLDING A/S - UPGRADED OUTLOOK FOR 2018.AS CONSEQUENCE OF REVALUATION BANK'S EXPECTATIONS REGARDING PROFIT AFTER TAX FOR 2018 ARE ADJUSTED UPWARDS TO BE IN DKK 1,340-1,540M RANGE.VALUE OF SYDBANK'S OWNERSHIP INTEREST IS REVALUED BY DKK 41M IN Q1 2018.  Full Article

Sydbank upgrades outlook for 2018
Monday, 12 Mar 2018 08:30am EDT 

March 12 (Reuters) - SYDBANK A/S ::REG-VALUEINVEST ASSET MANAGEMENT S.A., LUXEMBOURG TO BE SOLD TO MACQUARIE INVESTMENT MANAGEMENT - UPGRADED OUTLOOK FOR 2018.‍IMPLEMENTATION OF TRANSACTION WILL GENERATE EXTRAORDINARY INCOME OF AROUND DKK 110M FOR SYDBANK​.‍EXPECTATIONS REGARDING PROFIT AFTER TAX FOR 2018 ARE ADJUSTED UPWARDS TO BE IN DKK 1,300-1,500M​.SYDBANK - AS CONSEQUENCE OF ANTICIPATED EXTRAORDINARY INCOME, CO'S EXPECTATIONS REGARDING NON-RECURRING ITEMS FOR 2018 ARE ADJUSTED UPWARDS TO A NET INCOME OF AROUND DKK 35M.BANK'S EXPECTATIONS REGARDING PROFIT AFTER TAX FOR 2018 ARE ADJUSTED UPWARDS TO BE IN DKK 1,300-1,500M RANGE.  Full Article

Sydbank To Implement Share Buyback Programme
Tuesday, 20 Feb 2018 03:20am EST 

Feb 20 (Reuters) - SYDBANK A/S ::SYDBANK TO REPURCHASE SHARES.‍DECIDED TO IMPLEMENT A SHARE BUYBACK PROGRAMME OF DKK 500M, HOWEVER A MAXIMUM OF 3 MILLION SHARES.​.USING CLOSING PRICE ON MONDAY 19 FEB BUYBACK EQUALS ABOUT 1.9M SHARES, EQUAL TO 2.8% OF BANK'S SHARE CAPITAL.‍PURPOSE OF SHARE BUYBACK IS TO REDUCE BANK'S SHARE CAPITAL WITH SHARES PURCHASED UNDER PROGRAMME​.‍SHARE BUYBACK PROGRAMME WILL BE INITIATED ON WEDNESDAY 21 FEBRUARY 2018 AND COMPLETED BY 31 DEC 2018​.  Full Article

Sydbank Q4 Pre-Tax Profit Below Expectations At DKK 412 MILLION
Tuesday, 20 Feb 2018 02:25am EST 

Feb 20 (Reuters) - SYDBANK A/S ::SYDBANK’S 2017 ANNUAL REPORT.A PROPOSED DIVIDEND OF DKK 11.31 PER SHARE FOR 2017.2018 TOTAL INCOME IS EXPECTED TO BE ON A PAR WITH THE INCOME GENERATED IN 2017..PROFIT AFTER TAX OF DKK 1,200-1,400M IS PROJECTED FOR 2018.Q4 PRE-TAX PROFIT DKK 412 MILLION (REUTERS POLL DKK 428 MILLION).Q4 TOTAL CORE INCOME DKK ‍​1.04 BILLION (REUTERS POLL DKK 1.09 BILLION).PROFIT AFTER TAX OF DKK 1,200-1,400M IS PROJECTED FOR 2018.  Full Article

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