Max Bank A/S
Max Bank A/S. Interim Report Q1 2011
Max Bank A/S 27.05.2011 09:46 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Q1 2011 in headlines - Loss after tax of DKK 14.7m - Total loss of DKK 13.1m due to the Amagerbanken having gone bankrupt - Negative market value adjustments of DKK 4.7m - Uncertainty still exists as to the size of impairment losses for FY 2011 - Total business volume calculated as the total amount of loans and advances, deposits, guarantees and custody account volume of DKK 14.8bn - Excess coverage of 139.7% relative to the statutory liquidity requirement - Solvency ratio of 14.4% and a calculated solvency need of 10.8% - Plan 2013, which is to make Max Bank independent of government guarantees by 2013, prescribes, among other measures, operating adjustments which will have a positive influence on the Bank's ordinary activities in 2011 with effect from Q2 2011. - The expectation that the Bank will generate a profit for the year in the range of DKK 80 to 100m before market value adjustments, impairment losses and tax is maintained Stock Exchange Announcement No. 9/2011 News Source: NASDAQ OMX 27.05.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Max Bank A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010305903 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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