Jyske Bank Interim Financial Report - First quarter of 2014

Interview with Anders Dam

Summary

  • Pre-tax profit: DKK 418m (Q1 2013: DKK 561m) 
  • The pre-tax profit corresponded to an annualised return of 9.6% on opening equity
    (Q1 2013: 14.3% p.a.) 
  • Loan impairment charges and provisions for guarantees: DKK 289m (Q1 2013: DKK 242m) 
  • Bank loans: DKK 115bn (end-2013: DKK 111bn) 
  • Bank deposits: DKK 121bn (end-2013: DKK 116bn) 
  • Fair value of the “held-to-maturity portfolio”: DKK 334m higher than the carrying amount
    (end-2013: DKK 302m) 
  • Solvency ratio: 16.2%, of which Core Tier 1 capital ratio excluding hybrid capital of 15.1%
    (end-2013: 16.0% and 15.3%) 
  • Individual solvency requirement: 10.0% (end-2013: 9.8%) 
  • The impact on solvency from the new capital adequacy rules in CRD IV/CRR is an improvement of 0.5 percentage point