- The pre-tax profit corresponded to an annualised return of 15.4% on opening equity (1st half 2012: -3.0%)
- Loan impairment charges and provisions for guarantees: DKK 627m (1st half 2012: DKK 1,323m)
- Bank loans: DKK 111bn (end-2012: DKK 106bn)
- Bank deposits: DKK 110bn (end-2012: DKK 97bn)
- Solvency ratio of 15.6%, of which Core Tier 1 capital ratio excluding hybrid capital of 14.6% (end-2012: 17.3% and 14.2%)
- Individual solvency requirement: 9.9% (end-2012: 10.2%)
- Liquidity reserve: DKK 51bn (end-2012: DKK 43bn)
Comments by Management
In connection with the publication of the interim financial report for the first half of 2013, Anders Dam, CEO and Managing Director states:
"In many ways the development in the first half of the year was satisfactory for Jyske Bank, but particularly in one respect the development gives rise to concern and consideration.
At this time, Jyske Bank has - with one exception - cash desks at all our branches.
As our competitors close their cash desks, the risk is being increased that we will see a significant rise in cash desk transactions for clients of other banks and for those of our clients who only use the bank's cash desks. Therefore we are considering raising the prices payable by other banks' clients for using Jyske Bank's cash desk services as well as the prices payable by the Jyske Bank clients who only make use of Jyske Bank's cash desk services. Alternatively we would - in line with our competitors - have to close our cash desks", concludes Anders Dam.
