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Sparekassen Sjælland-Fyn: Higher income, lower costs – still on track for excellence - Danske Bank

Sparekassen Sjælland-Fyn delivered a solid Q3 20. NII was strong from repricing and continued customer inflow, while underlying fee income continued to deliver. In addition, costs remain under full control, while credit quality is strong. The New Ways strategy continues to deliver impressive improvements to pre-provision profits and we estimate 10% pre-tax RoE for 2021.

We calculate a fair value range of DKK115-135 per share.
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