Skjern Bank A/S
Skjern Bank in the black again – Q1 2010
Skjern Bank A/S / 06.05.2010 08:15 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- * Profit or loss of DKK 8.5 million pre-tax. * Positive translation adjustment of DKK 12.8 million. * Write-downs of 18.1 million against DKK 26.2 million in 2009 * Costs of the first guarantee scheme for banks amount to DKK 4.4 million. * Return on equity of 9% on an annual basis * Deposits and loans at the same level as 31 December 2009. * Solvency ratio and core capital ratio strengthened by 16.0% and 10.8% respectively. * The individual capital adequacy is determined at 9.7%. * The state guarantee ensures strong liquidity * Unaltered expectations for the year of DKK 85 - 100 million in EBIT before write-downs, translation adjustments and costs associated with the first guarantee scheme for banks. News Source: NASDAQ OMX 06.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. 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 News DGAP News-Service ---------------------------------------------------------------------------
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