Skjern Bank A/S
Profit continued in Skjern Bank – Half Year 2010
Skjern Bank A/S / 19.08.2010 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. --------------------------------------------------------------------------- * Pre-tax profit of DKK 10.9 million. * Solid core earnings of DKK 43.2 million. * Positive translation adjustments of DKK 17 million. * Write-downs of DKK 38.7 million against DKK 66.3 million in 2009. * Costs of the first guarantee scheme for banks amount to DKK 11.2 million. * Return on equity of 5.8% on an annual basis. * Deposits and loans remain unchanged. * Solvency and core capital ratios of 15.7% and 10.9% respectively. * Individual capital adequacy is determined at 9.6%. * Solid liquidity surplus of DKK 1.7 billion equivalent to 277%. * Unaltered expectations for the year of 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 19.08.2010 Ad hoc announcement, Financial News and Press 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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