Jyske Bank Interim Financial Report for Q1-Q3 2021

Interview with Anders Dam, CEO

Summary

  • Earnings per share DKK 31.5 (Q1-Q3 2020: DKK 8.9)
  • Core income DKK 6,425m (Q1-Q3 2020: DKK 5,856m)
  • Core expenses DKK 3,516m (Q1-Q3 2020: DKK 3,669m)
  • Loan impairment charges DKK -37m (Q1-Q3 2020: DKK 963m)
  • The pre-tax profit amounted to DKK 3,064m, corresponding to a return on equity before tax of 11.4% p.a. (Q1-Q3 2020: DKK 1,011m and 3.6% p.a.)
  • The net profit amounted to DKK 2,391m, corresponding to a return on equity of 8.8% p.a. (Q1-Q3 2020: DKK 778m and 2.7% p.a.)
  • Capital ratio 22.6%, of which common equity tier 1 capital ratio of 18.0% (Q1-Q3 2020: 22.3 and 17.5, respectively)
  • Interest expense for additional tier 1 capital is in Q4 expected to decline to approx. DKK 36m from DKK 52m in Q3.