Skjern Bank A/S
Six-monthly report 2011 Skjern Bank
Skjern Bank A/S 18.08.2011 08:25 --------------------------------------------------------------------------- Profit of DKK 8.0 million - before payment of DKK 3.9 million to the Guarantee Fund for Depositors and Investors. -- Deposits have increased by DKK 100 million and loans have increased by DKK 47 million compared to the first quarter of 2011 -- Interest income has increased by 1.6% totalling DKK 130 million. -- Net interest and fee income at same level as 2010. -- Negative value adjustments of DKK 2.6 million. -- Write-downs of DKK 27.8 million against DKK 36.4 million in 2010. -- Profit or loss of DKK 4.1 million pre-tax -- Solvency ratio and core capital ratio at 15.4% and 10.7% respectively. -- Individual capital adequacy is determined at 10%. -- Liquidity coverage of 162% equalling DKK 835 million. -- Unaltered expectations for the year of DKK 80 - 95 million in core earnings before write-downs and value adjustments. -- Contribution to the Guarantee Fund for Depositors and Investors of DKK 3.9 million in connection with loss on Fjordbank Mors' bankruptcy and others is recognised in the 2nd quarter 2011. Yours sincerely, Skjern Bank Carsten Thygesen Per Munck Chairman Director News Source: NASDAQ OMX 18.08.2011 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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