Satisfactory Q1 for the BANK of Greenland
13 Mayo 2024 - 8:33AM
UK Regulatory
Satisfactory Q1 for the BANK of Greenland
Satisfactory Q1 for the BANK of Greenland
The BANK of Greenland’s profit before tax amounts to DKK 61.8
million for Q1 2024, compared to DKK 49.4 million for Q1 2023.
The profit before value adjustments and write-downs is
satisfactory at DKK 61.7 million, compared to DKK 48.5 million for
the previous year.
Lending has increased by DKK 79 million since the end of 2023,
amounting to DKK 4,892 million at the end of Q1.
Net interest and fee income increased by DKK 15.6 million to DKK
119.6 million in Q1 2024 compared to the same period in 2023. The
increase is primarily due to the record-high lending volume and the
development in the level of interest rates in 2023 and 2024.
Total expenses including depreciation amounted to DKK 59.2
million at the end of Q1 2024, compared to DKK 56.9 million for the
same period in 2023. The increase concerns staff expenses as a
consequence of collective agreement-based adjustments and an
increase in the number of employees, as well as other
administration expenses, where the increase can be attributed
primarily to IT expenses.
At the end of Q1 2024, value adjustments show a capital gain of
DKK 5.4 million, compared to a capital gain of DKK 7.9 million for
the same period of 2023.
Impairments of loans and guarantees amounted to DKK 5.3 million
in Q1 2024, compared to DKK 7.0 million in Q1 2023. The Bank sees
continued satisfactory creditworthiness in the loan portfolio.
Solvency ratio of 26.3 and a capital requirement of 11.1 per
cent.
In the stock exchange announcement of 14 December 2023, the
forecast profit before tax for 2024 was stated as a range of DKK
180-230 million, which remains unchanged.
- 06.Kvartalsrapport Q1 2024_UK
- 06.Kvartalsrapport Q1 2024_UK
Groenlandsbanken A/s (LSE:0OGV)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Groenlandsbanken A/s (LSE:0OGV)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024
