Annual report 2016

2016 in headlines:

• The best profit in the bank's history
• 12% improvement in profit before tax to DKK 661 million, equivalent to a 21% return on equity
• Core earnings increased to DKK 617 million, exceeding expectations
• High levels of customer satisfaction and willingness to recommend the bank
• The rate of costs was 32.3 - the lowest in Denmark
• Increase in loans of 3% and in deposits of 8%
• Proposed dividend raised from DKK 30 to DKK 36 per share. A new buy-back programme for up to DKK 170 million is also proposed, increasing the total pay-out ratio to 62%
• Expectations for core earnings of DKK 515 - 615 million in 2017, plus the result for the portfolio

Please read the complete Annual Report in the attached pdf.

Vedhæftede filer:

Annual report 2016.pdf