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Spar Nord Bank A/S (SPNO.CO)

SPNO.CO on Copenhagen Stock Exchange

70.35DKK
13 Dec 2017
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kr.70.35
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135,258
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kr.88.05
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kr.66.25

Latest Key Developments (Source: Significant Developments)

Spar Nord issues tier 2 capital
Monday, 9 Oct 2017 

Oct 9 (Reuters) - SPAR NORD BANK A/S ::SPAR NORD ISSUES TIER 2 CAPITAL.‍ENTERED INTO AGREEMENT WITH A NUMBER OF SWEDISH INVESTORS TO ISSUE NEW TIER 2 CAPITAL IN FORM OF A BOND LOAN IN AMOUNT OF SEK 600 MILLION (APPROX. DKK 470 MILLION)​.‍BOND LOAN HAS A MATURITY OF 10 YEARS AND CAN BE CALLED AFTER 5 YEARS​.‍COUPON IS 3 MONTH STIBOR PLUS A MARGIN (SEK) OF 250 BASIS POINTS​.  Full Article

Spar Nord Bank Q3 core earnings before impairment up at DKK 428 million
Wednesday, 2 Nov 2016 

Spar Nord Bank A/S : Q3 core earnings before impairment 428 million Danish crowns ($63.70 million) versus 286 million crowns year ago . Q3 impairment of loans and advances 54 million crowns versus 79 million crowns in Q2 . Forecast for full-year core earnings is adjusted upwards from around 1.1 billion crowns to about 1.2 billion crowns . FY loan impairment losses are now expected to be somewhat down on last year . Says new strategy plan for 2017-19 includes growth initiatives and effciency-enhancing initiatives, which when fully implemented are expected to contribute 200 million crowns and 100 million crowns .2017-19 target for return on equity is 9-11 pct after tax, and cost/income ratio is expected to be 0.60.  Full Article

Spar Nord Bank Q2 pre-tax profit rises to DKK 264.9 mln
Wednesday, 24 Aug 2016 

Spar Nord Bank A/S : Q2 net interest income 439.3 million Danish crowns ($66.6 million) versus 450.4 million crowns year ago . Q2 loan losses 101.0 million crowns versus 77.0 million crowns year ago . Q2 pre-tax profit 264.9 million crowns versus 207.7 million crowns year ago . In conjunction with Q1-Q3 quarterly report expects to publish a new strategy plan containing targets for coming years . Maintains its full-year forecast for core earnings before impairment of around 1.1 billion crowns .Loan impairment losses are now expected to be slightly lower than in 2015.  Full Article

Spar Nord Bank appoints Kjeld Johannesen Chairman
Wednesday, 20 Apr 2016 

Spar Nord Bank A/S:At the following Board Meeting for the purpose of electing officers, the Supervisory Board appointed Kjeld Johannesen Chairman of the Board.  Full Article

Spar Nord Bank proposes FY 2015 dividend of DKK 3/shr; issues FY 2016 core earnings outlook
Wednesday, 10 Feb 2016 

Spar Nord Bank A/S:Proposes FY 2015 dividend of 3 Danish crowns per share.FY 2016 core earnings before impairment are expected to hover around the 1.1 billion crowns mark.  Full Article

Spar Nord takes over business customers from FIH
Monday, 25 Jan 2016 

Spar Nord Bank A/S:Takes over business customers from FIH Erhvervsbank ‍.Will take over 34 business customer facilities with a total business volume of 907 million Danish crowns.Says will not take over any employees and will not pay goodwill in connection with transaction​​.  Full Article

BRIEF-Spar Nord issues tier 2 capital

* ‍ENTERED INTO AGREEMENT WITH A NUMBER OF SWEDISH INVESTORS TO ISSUE NEW TIER 2 CAPITAL IN FORM OF A BOND LOAN IN AMOUNT OF SEK 600 MILLION (APPROX. DKK 470 MILLION)​