English (United States)

Q1 2020 Quarterly Report for Spar Nord Bank A/S

Net proft of DKK 24 million and return on equity of 0.5%

Spar Nord achieved a net profit of DKK 24 million in Q1 2020, which corresponds to an annualised return on equity of 0.5%. Seen in isolation, the performance is unsatisfactory, but management considers the profit satisfactory in a quarter impacted by the COVID-19 pandemic and its economic consequences.

Ole Madsen

Senior Vice President, Communication & Business Development
My key task is to ensure that at all times Spar Nord makes fair, relevant and timely information available for the Bank’s stakeholders. Please feel free to call or write me if you have any questions or comments.
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