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Jyske Bank Q1 profit slides YOY

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Jyske Bank Q1 profit slides YOY

reported first-quarter groupnet profit of 384 million Danish kroner, compared to 393 million kroner in thesame period a year ago.

EPSdeclined year over year to 4.06 kroner from 4.14 kroner.

Netinterest income amounted to 1.61 billion kroner in the first quarter, down from1.87 billion kroner on a yearly basis. Net fee and commission income droppedover the same period to 323 million kroner from 616 million kroner.

Loanimpairment charges and provisions for guarantees dropped on a yearly basis to234 million kroner from 568 million kroner.

Thebank's common equity Tier 1 capital ratio stood at 15.9% at the end of March,compared to 16.1% at the end of 2015 and 15.3% a year ago.

As of April 27, US$1 wasequivalent to 6.58 Danish kroner.