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Bank
FINANCIAL | Retail Banking
sparnord.dk

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Investments

5

Partners & Customers

2

About Spar Nord

Spar Nord Bank was established in 1824 as the first financial institution in Jutland. Since 1990 the Bank has been listed on the Copenhagen Stock Exchange. Today the Bank is a full-service commercial bank with 88 local banks throughout the country - with our base in North Jutland.

Spar Nord Headquarter Location

Skelagervej 15

Aalborg, DK-9000,

Denmark

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Latest Spar Nord News

Spar Nord upgrades its financial guidance

Oct 13, 2021

October 13, 2021 02:32 ET Company announcement no. 25 Spar Nord raises its guidance for core earnings before impairment for 2021 to DKK 1,475-1,575 million and guidance for profit after tax for the year to DKK 1,250-1,350 million. July 2021, Spar Nord upgraded its full-year 2021 guidance for core earnings before impairment to DKK 1,350-1,500 million, while profit after tax was upgraded to the level of DKK 1,100-1,300 million (see company announcement no. 17/2021). The upgrade was driven by continued high customer activity, positive developments in the financial markets and reversal of impairments backed by continued improvements in the financial situation of both private and corporate customers. The third quarter of 2021 has shown a satisfactory business growth just as positive developments in the financial markets has contributed to positive market value adjustments on both the bank's equity portfolio and the bank’s portfolio of strategic shares. Finally, costs came out slightly lower in the third quarter than previously anticipated, including fewer one-off costs from the IT-integration of BankNordik's Danish activities. Against this background, Spar Nord raises its expectation for the year's core earnings before impairment to DKK 1,475-1,575 million. Backed by positive developments in the Danish economy, Spar Nord now expects an income from impairments of around DKK 100 million for the full year. This includes a minor adjustment of the management estimate related to COVID-19 at the end of the third quarter of 2021, which based on a model adjustment has been increased to around DKK 350 million. Based on the upgraded guidance for core earnings before impairment combined with impairment expectations, the guidance for profit after tax for the year is raised to DKK 1,250-1,350 million. Spar Nord’s Q3 interim report is scheduled for release on 4 November 2021. Please direct any questions regarding this release to Lasse Nyby, Chief Executive Officer, on tel. +45 9634 4011, or Rune Brandt Børglum, Head of Investor Relations, on tel. + 45 9634 4236. Rune Brandt Børglum

Spar Nord Investments

5 Investments

Spar Nord has made 5 investments. Their latest investment was in Danske Andelskassers Bank as part of their Corporate Minority - P2P on September 9, 2018.

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Spar Nord Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/26/2018

Corporate Minority - P2P

Danske Andelskassers Bank

$37.16M

Yes

1

4/13/2018

Unattributed

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$99M

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10

2/6/2017

Seed VC

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$99M

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10

11/29/2016

Unattributed

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$99M

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10

9/30/2015

Unattributed

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$99M

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10

Date

9/26/2018

4/13/2018

2/6/2017

11/29/2016

9/30/2015

Round

Corporate Minority - P2P

Unattributed

Seed VC

Unattributed

Unattributed

Company

Danske Andelskassers Bank

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Amount

$37.16M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

Spar Nord Acquisitions

1 Acquisition

Spar Nord acquired 1 company. Their latest acquisition was BankNordik - Danish Business on December 22, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/22/2020

Acquired Unit

1

Date

12/22/2020

Investment Stage

Companies

Valuation

Total Funding

Note

Acquired Unit

Sources

1

Spar Nord Partners & Customers

2 Partners and customers

Spar Nord has 2 strategic partners and customers. Spar Nord recently partnered with Subaio on December 12, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

12/18/2019

Partner

Subaio

Denmark

1

11/27/2018

Vendor

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10

Date

12/18/2019

11/27/2018

Type

Partner

Vendor

Business Partner

Subaio

Country

Denmark

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News Snippet

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Sources

1

10

Spar Nord Team

1 Team Member

Spar Nord has 1 team member, including current Senior Vice President, Poul Erik Christensen.

Name

Work History

Title

Status

Poul Erik Christensen

Senior Vice President

Current

Name

Poul Erik Christensen

Work History

Title

Senior Vice President

Status

Current

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