Interim Report for H1 2019 for Spar Nord Bank A/S

Spar Nord achieved a profit after tax of DKK 546
million in H1 2019, which corresponds to an annualised return on equity of 12.4%. The financial performance is considered highly satisfactory, not least
given the fact that the financial statements for H1
of last year included positive non-recurring items
of approximately DKK 250 million, while positive
non-recurring items in 2019 only came to approximately DKK 30 million, implying an underlying improvement in pre-tax profit of about DKK 170 million