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Upward adjustment of expectations for 2020

Ringkjøbing Landbobank A/S
·1-min read

Nasdaq Copenhagen
London Stock Exchange
Other stakeholders

6 October 2020


Upward adjustment of expectations for 2020

Ringkjøbing Landbobank is upwardly adjusting its expectations for 2020. The expectations for core earnings are upwardly adjusted from the DKK 900-1,100 million range to the DKK 1,000-1,150 million range and the expectations for profit before tax are upwardly adjusted from the DKK 800-1,100 million range to the DKK 950-1,150 million range.

The background to the upward adjustment is primarily a better income flow than previously expected including from a continued big increase in customers and a high level of activity. The capital loss on the bank’s bond portfolio has also been reduced.

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The quarterly report for the first three quarters of 2020 will be published on Wednesday, 28 October 2020 as previously announced.


Yours sincerely

Ringkjøbing Landbobank

John Fisker
CEO

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