Skjern Bank A/S
Nice profits and robust liquidity in Skjern Bank – Q3 2010
Skjern Bank A/S 28.10.2010 08:25 --------------------------------------------------------------------------- * Pre-tax profit of DKK 12.8 million. * Solid core earnings of DKK 60.6 million. * Positive translation adjustments of DKK 23.4 million. * Write-downs of DKK 56.1 million against DKK 136.8 million in 2009. * Costs of the first guarantee scheme for banks amount to DKK 22.8 million. * Return on equity of 3.4% on an annual basis. * A minor fall in deposits and loans. * Solvency and core capital ratios of 16.1% and 11.2% respectively. * Individual capital adequacy is determined at 9.9%. * Solid liquidity surplus of DKK 1.3 billion equivalent to 227%. * Net income is expected in the bottom part of the interval to be DKK 85 - 100 million in EBIT before write-downs, share price and translation adjustments and costs associated with the first guarantee scheme for banks. Yours sincerely, Skjern Bank Carsten Thygesen Per Munck Chairman of the Board of Directors Director Questions should be addressed to Director Per Munck on +45 2173 3004. News Source: NASDAQ OMX 28.10.2010 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 ---------------------------------------------------------------------------
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