Skjern Bank A/S
Skjern Bank Annual Report 2011

Skjern Bank A/S 

09.02.2012 08:24
---------------------------------------------------------------------------

Satisfactory development and acceptable operating profit in Skjern Bank



  -- Annual profit before tax DKK 10.7 million 
  -- Core earnings add up to DKK 81.4 million
  -- Devaluation of loans DKK 52.2 million 
  -- Loans and deposits from customers at current levels
  -- Solvency 15.8 % and individual solvency requirements 11.5 % = 137 %
     coverage
  -- Solid liquidity reserves of DKK 819 million, corresponding to 159.8 %
  -- Continued high customer satisfaction and loyalty to the bank
  -- Danish Financial Supervisory Authority on standard functional examination
  -- Core profit in 2012 is expected in range of DKK 80 - 95 million 



Kind regards



Hans Ladekjær Jeppesen                Per Munck

Chairman of Board                         Banking executive



If any questions please contact Per Munck at 21 73 30 04
News Source: NASDAQ OMX



09.02.2012 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:      Skjern Bank A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010295922
WKN:          
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------