SPARBANK A/S
Q1 – Q3 2008

SPARBANK A/S / 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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The Board of Directors of SPARBANK A/S has on this day considered and adopted
the Quarterly Report for Q1 - Q3 2008. 

SPARBANK returned a loss before tax of DKK -47.3m against a profit of DKK
177.8m in Q1 - Q3 2007. This corresponds to a return on equity of -3.8%. 

The profit before write-downs and market value adjustments was DKK 185.4m
against DKK 163.0m the year before. 

SPARBANK's liquidity is satisfactory. The liquidity surplus cover relative to
the statutory minimum requirements is 80.4%, corresponding to a surplus cover
of DKK 1.7bn. At the end of Q3 2007, the surplus cover was 25.8%, corresponding
to a surplus cover of DKK 0.5bn. 

SPARBANK's solvency exceeds the statutory minimum requirement of 8%. As at 30
September 2008, the solvency ratio was 11.1%. 

Due to a declining level of investment, developments in market value
adjustments and increasing write-downs, core earnings - the result of the
actual banking operations - for 2008 as a whole, are expected to be in the
range of DKK 30-60m against a previously announced outlook of DKK140-160m.

News Source: NASDAQ OMX

23.10.2008  Financial News transmitted by DGAP
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Language:     English
Issuer:       SPARBANK A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010305820
WKN:          
 
End of News                                     DGAP News-Service
 
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