Nordic Business Report-April 28, 2006-Lan & Spar Bank posts Q1 pre-tax loss of DKK4.23m
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The Danish bank Lan & Spar Bank issued on Thursday (27 April) its interim report for the first quarter, posting a pre-tax loss of DKK4.23m, as compared to a profit of DKK15.66m in the first quarter of 2005.
The negative result was due to rate adjustments on debentures.
Net interest and commission income amounted to DKK78.42m, as compared to DKK74.16m in the first quarter last year.
One Danish krone (DKK) is worth approximately 0.09 British pounds (GBP).
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