Fionia Holding A/S
Highly unsatisfactory result especially due to extremely high provisions
Fionia Bank A/S / Annual Report & Accounts Release of a UK Regulatory Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Highly unsatisfactory result especially due to extremely high provisions. Satisfactory core operating result. ? Agreement with the Danish government's Financial Stability scheme to inject capital into a newly established bank, which will continue Fionia Bank's previous activities. ? After-tax loss of DKK 956.5 million. ? Provisions on loans and provisions for guarantees are DKK 1.2176 billion against DKK 71.3 million in the prior year. ? Group capital adequacy ratios calculated according to the standard method of 8.3% (total) and 4.2% (tier 1), as at 31 December 2008. ? Core result before provisions is DKK 348.4 million compared with last year's figure of DKK 411.2 million. ? Loss on holdings of DKK 66.2 million. ? 'Det Private Beredskab' expenses of DKK 45.5 million. News Source: NASDAQ OMX 24.02.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Fionia Bank A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0060129658 Category Code: ACS LSE Ticker: 0IHL Sequence Number: 100 Time of Receipt: Feb 24, 2009 17:35:27 End of News DGAP News-Service ---------------------------------------------------------------------------
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