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Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande

Kalender

2024-10-29 Kvartalsrapport 2024-Q3
2024-08-20 Kvartalsrapport 2024-Q2
2024-05-07 Kvartalsrapport 2024-Q1
2024-04-18 Extra Bolagsstämma 2024
2024-03-22 Ordinarie utdelning JYSK 7.78 DKK
2024-03-21 Årsstämma 2024
2024-02-27 Bokslutskommuniké 2023
2023-12-04 Bonusutdelning JYSK 7.78
2023-12-01 Extra Bolagsstämma 2023
2023-10-31 Kvartalsrapport 2023-Q3
2023-08-15 Kvartalsrapport 2023-Q2
2023-05-02 Kvartalsrapport 2023-Q1
2023-03-31 Ordinarie utdelning JYSK 0.00 DKK
2023-03-30 Årsstämma 2023
2023-02-28 Bokslutskommuniké 2022
2022-11-01 Kvartalsrapport 2022-Q3
2022-09-14 Extra Bolagsstämma 2022
2022-08-16 Kvartalsrapport 2022-Q2
2022-05-03 Kvartalsrapport 2022-Q1
2022-03-23 Ordinarie utdelning JYSK 0.00 DKK
2022-03-22 Årsstämma 2022
2022-02-22 Bokslutskommuniké 2021
2021-12-07 Extra Bolagsstämma 2021
2021-12-06 Extra Bolagsstämma 2021
2021-11-02 Kvartalsrapport 2021-Q3
2021-08-17 Kvartalsrapport 2021-Q2
2021-05-04 Kvartalsrapport 2021-Q1
2021-03-24 Ordinarie utdelning JYSK 0.00 DKK
2021-03-23 Årsstämma 2021
2021-02-23 Bokslutskommuniké 2020
2020-11-03 Kvartalsrapport 2020-Q3
2020-08-18 Kvartalsrapport 2020-Q2
2020-07-28 Extra Bolagsstämma 2020
2020-06-17 Ordinarie utdelning JYSK 0.00 DKK
2020-06-16 Årsstämma 2020
2020-05-05 Kvartalsrapport 2020-Q1
2020-02-25 Bokslutskommuniké 2019
2019-10-30 Kvartalsrapport 2019-Q3
2019-10-09 Extra Bolagsstämma 2019
2019-08-20 Kvartalsrapport 2019-Q2
2019-05-08 Kvartalsrapport 2019-Q1
2019-03-27 Ordinarie utdelning JYSK 0.00 DKK
2019-03-26 Årsstämma 2019
2019-02-26 Bokslutskommuniké 2018
2018-10-30 Kvartalsrapport 2018-Q3
2018-08-21 Kvartalsrapport 2018-Q2
2018-08-14 Extra Bolagsstämma 2018
2018-07-04 Bonusutdelning JYSK 5.89
2018-05-09 Kvartalsrapport 2018-Q1
2018-03-21 Ordinarie utdelning JYSK 5.85 DKK
2018-03-20 Årsstämma 2018
2018-02-20 Bokslutskommuniké 2017
2017-10-25 Kvartalsrapport 2017-Q3
2017-08-22 Kvartalsrapport 2017-Q2
2017-06-06 Bonusutdelning JYSK 5.6
2017-06-02 Extra Bolagsstämma 2017
2017-05-02 Kvartalsrapport 2017-Q1
2017-03-22 Ordinarie utdelning JYSK 5.25 DKK
2017-03-21 Årsstämma 2017
2017-02-21 Bokslutskommuniké 2016
2016-10-27 Kvartalsrapport 2016-Q3
2016-08-18 Kvartalsrapport 2016-Q2
2016-04-28 Kvartalsrapport 2016-Q1
2016-03-17 Ordinarie utdelning JYSK 5.25 DKK
2016-03-16 Årsstämma 2016
2016-02-23 Bokslutskommuniké 2015
2016-01-19 Extra Bolagsstämma 2016
2015-12-15 Extra Bolagsstämma 2015
2015-10-29 Kvartalsrapport 2015-Q3
2015-08-18 Kvartalsrapport 2015-Q2
2015-04-29 Kvartalsrapport 2015-Q1
2015-03-25 Ordinarie utdelning JYSK 0.00 DKK
2015-03-24 Årsstämma 2015
2015-02-24 Bokslutskommuniké 2014
2014-10-29 Kvartalsrapport 2014-Q3
2014-08-19 Kvartalsrapport 2014-Q2
2014-05-05 Extra Bolagsstämma 2014
2014-04-30 Kvartalsrapport 2014-Q1
2014-03-20 Ordinarie utdelning JYSK 0.00 DKK
2014-03-19 Årsstämma 2014
2014-02-25 Bokslutskommuniké 2013
2013-08-14 Kvartalsrapport 2013-Q2
2013-05-01 Kvartalsrapport 2013-Q1
2013-03-21 Ordinarie utdelning JYSK 0.00 DKK
2013-03-20 Årsstämma 2013
2013-02-26 Extra Bolagsstämma 2013
2013-02-26 Bokslutskommuniké 2012
2012-10-18 Kvartalsrapport 2012-Q3
2012-08-21 Kvartalsrapport 2012-Q2
2012-05-07 Kvartalsrapport 2012-Q1
2012-03-21 Ordinarie utdelning JYSK 0.00 DKK
2012-03-20 Årsstämma 2012
2012-02-21 Bokslutskommuniké 2011
2011-10-24 Kvartalsrapport 2011-Q3
2011-08-22 Kvartalsrapport 2011-Q2
2011-05-02 Kvartalsrapport 2011-Q1
2011-03-23 Ordinarie utdelning JYSK 0.00 DKK
2011-03-22 Årsstämma 2011
2011-02-22 Bokslutskommuniké 2010
2010-03-23 Ordinarie utdelning JYSK 0.00 DKK
2004-10-13 Split JYSK 1:2

Beskrivning

LandDanmark
ListaLarge Cap Copenhagen
SektorFinans
IndustriBank
Jyske Bank bedriver bankverksamhet. Banken erbjuder ett brett utbud av finansiella tjänster till privat- och företagskunder, vilket innefattar bo- och billån, kapitalförvaltning, pensionsförsäkring och valutatjänster. Specialistkompetens återfinns inom företagsrådgivning där banken är inriktade mot aktörer inom diverse olika branscher. Banken grundades 1967 och har sitt huvudkontor i Silkeborg.
2019-10-30 08:08:53

Summary

  • Pre-tax profit: DKK 1,853m (Q1 - Q3 2018: DKK 2,544m) corresponding to a return of 7.3% p.a. on average equity (Q1 - Q3 2018: 10.3% p.a.)
  • Post-tax profit: DKK 1,474m (Q1 - Q3 2018: DKK 1,999m) corresponding to a return of 5.7% p.a. on average equity (Q1 - Q3 2018: 8.1% p.a.)
  • Core income: DKK 5,829m (Q1 - Q3 2018: DKK 6,131m)
  • Core profit: DKK 2,050m (Q1 - Q3 2018: DKK 2,028m)
  • Expected profit after tax for 2019 is approximately DKK 2.0 bn compared with previous expectations of DKK 2.0 bn - 3.3 bn, corresponding to a return on equity after tax of approximately 6%, compared with the previous expectations of 6% - 10%
  • Capital ratio: 20.2%, of which the Common Equity Tier 1 capital ratio was 16.3% (end of 2018: 20.0% and 16.4%, respectively)
  • The existing share buyback programme in the amount of DKK 500m is raised to DKK 1 bn and extended until 31 March 2020. In consequence of this, the Supervisory Board will present to the Annual General Meeting a motion for the distribution of an ordinary dividend of DKK 0 per share for the financial year 2019
  • In October, Standard & Poor's upgraded Jyske Bank’s senior rating to A from A- and Jyske Bank's short-term senior rating to A-1 from A-2 with stable outlook. At the end of the third quarter of 2019, Jyske Bank’s RAC was calculated at approximately 11.9%.


Comments by Management

In connection with the publication of the interim financial report for the first nine months of 2019, Anders Dam, CEO and Managing Director, states:

“In recent years, Jyske Bank’s net interest income has been under pressure. This can chiefly be attributed to the negative interest rate environment, resulting in large expenses relating to a deposit base that now amounts to DKK 130 bn, of which about half is exempt from negative interest rates until 1 December 2019. In addition, competition in respect of bank loans and advances resulting in falling margins had a similar effect as had compliance with the MREL requirements.

As of 1 December 2019, Jyske Bank's deposits from corporate clients will be interest rate neutral. In addition, the bank has about 11,000 personal clients who as of 1 December 2019 will be affected by negative interest rates on their deposits in excess of DKK 750,000, which on the whole amount to almost DKK 10 bn.  The bank has been in touch with a large part of these clients. Generally the clients are very sympathetic towards the introduction of negative interest rates in a situation where short term market rates and the interest rate on government bonds have been negative for quite some time.

Based on the feedback from the clients so far and their transactions, we asses that the clients will invest, will accept the standard terms, will restructure their deposits and possibly reduce debt or increase spending. In consequence of this, a decline in deposits of DKK 3 bn - 4 bn is to be expected.

Jyske Bank has since 2012 accumulated a large deposit surplus, cf. the below table. Growth in respect of deposits amounts to DKK 40 bn, while bank loans and advances have stagnated. As of 1 December 2019, Jyske Bank has deposits of almost DKK 50 bn from personal clients, which will not be subject to negative interest rates and, in the current interest rate environment, will impose a considerable expense on Jyske Bank”, ends Anders Dam.

Bank deposits and traditional bank loans and advances, Jyske Bank A/S (DKK bn) Q3 2019 Q4 2018 Q4 2012
Bank deposits130.2126.890.1
Traditional bank loans and advances102.0104.4101.5


Yours faithfully,

Jyske Bank

Contact persons:
CEO and Managing Director, Anders Dam, phone +45 89 89 89 89
CFO, Birger Krøgh Nielsen, phone +45 89 89 64 44

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