Max Bank A/S
Interim report H1 2011
Max Bank A/S 30.08.2011 15:47 --------------------------------------------------------------------------- H1 2011 in headlines - Earnings expectations for 2011 before market value adjustments, impairment losses and tax are expected to remain in the range of DKK 80-100m. We must, however, point out that the Bank's share of expenses for bank bankruptcies is not included therein. - Loss after tax of DKK 60.3m. - Total loss and contribution of DKK 14.7m due to Amagerbanken and Fjordbank Mors having gone bankrupt. - Negative market value adjustments of DKK 8.6m. - Impairment losses of DKK 79.2m. - The level of total impairment losses for FY 2011 remains uncertain. - Total business volume calculated as the total amount of loans and advances, deposits, guarantees and custody account volume amount to DKK 14.4bn. - Excess coverage of 167.9% relative to the statutory liquidity requirement. - Solvency ratio of 13.8% against calculated solvency need of 11.3%. - The implementation of the Bank's Plan 2013 in relation to the upcoming expiry of the Danish government guarantee scheme progresses positively. Stock Exchange Announcement No. 12/2011 News Source: NASDAQ OMX 30.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. 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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