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Skjern Bank upgrades profit before tax guidance for FY'19

Skjern Bank A/S upgraded its profit before tax guidance for 2019 to the mid-range of between 160 million Danish kroner and 170 million kroner on the back of positive developments in the fourth quarter of 2019.

The Danish lender was previously expecting a range of between 150 million kroner and 160 million kroner.

As of Jan. 6, US$1 was equivalent to 6.68 Danish kroner.