Annual report 2015

2015 in headlines:

• The best profit in the bank’s history
• The profit before tax was DKK 588 million, equivalent to a return of 20% on equity at the beginning of the period
• Core earnings exceed expectations, increasing by 13% to DKK 588 million
• Best ever net increase in customers
• High levels of customer satisfaction and willingness to recommend the bank
• The rate of costs improved by 2% to 32.1 - the lowest in Denmark
• 12% increase in loans and 10% increase in deposits
• Proposed dividend raised from DKK 26 to DKK 30 per share. A new buy-back programme for up to DKK 140 million is also proposed, increasing total distribution to 61%
• Expectations for core earnings of DKK 475 - 575 million in 2016, to which must be added the result for portfolio

Please read the complete Annual Report in the attached pdf.

Vedhæftede filer:

Annual report 2015.pdf