Edition:
United Kingdom

Jyske Bank: New capital requirements and share buy-back


Monday, 6 Jun 2016 

Jyske Bank : Says for present, objective is a common equity Tier 1 capital ratio of 14 pct and capital ratio of 17.5 pct . Says expects that significant part of its earnings in coming years will be applied to comply with new capital requirements . Says has objective of return on equity after tax in range of 8 pct - 12 pct p.a., corresponding to 10 pct - 15 pct before tax . Says all other things being equal, this objective implies increase of capital ratio by more than 1 percentage point p.a. . New 500 million Danish crowns ($76.34 million) share buy-back program to be launched on July 1 . Program will run to Dec. 31 .Current share buy-back program of 750 million crowns will expire on June 30 at latest, and at present 2,155,000 shares at a value of 623 million crowns have been bought.