Jyske Bank Interim Financial Report H1 2021

Interview with Anders Dam, CEO

Summary

  • Earnings per share DKK 22.2 (H1 2020: DKK 0.0)
  • Core income: DKK 4,364m (H1 2020: DKK 3,853m)
  • Core expenses: DKK 2,342m (H1 2020: DKK 2,510m)
  • Impairment charges: DKK -37m (H1 2020: DKK 1,011m)
  • Pre-tax profit of DKK 2,163m, corresponding to a pre-tax return on equity of 12.2% p.a. (H1 2020: DKK 105m and 0.1% p.a.)
  • Net profit amounted to DKK 1,685m, corresponding to a return on equity of 9.4% p.a. (H1 2020: DKK 82m and 0.0%)
  • Capital ratio 23.0%, of which common equity tier 1 capital ratio of 18.1% (H1 2020: 22.2 and 17.3, respectively)
  • Jyske Bank anticipates earnings per share at DKK 34-38 in 2021
  • Jyske Bank will launch a new share buy repurchase programme of up to DKK 1bn, running from 1 October 2021 until 31 March 2022 at the latest
  • MSCI has raised the ESG rating of Jyske Bank from A to the highest possible rating AAA.