Max Bank doubled in 2 years


In just 2 years Max Bank has doubled in size, and this applies whether measured
by the size of the bank's balance sheet, its business volume, its net pre-tax
profit or the bank's market value. 

Total business volume increased by 48% to DKK 14.6 billion 

Continued strong growth: +56% on loans, +35% on guarantees, +12% on deposits
and +72% on account 
portfolio 

Net interest- and fee income, particularly affected by the business and
investment area, increased by 24% to DKK 225 million 

DKK 14 million entered to income from loan losses compared with an expense of
DKK 5 million last year 

Positive value adjustments for a total of DKK 49 million, of which DKK 28
million stem from Totalkredit and sector-related companies 

Historic pre-tax profit of DKK 112 million  - increase of 50% compared with
2005 

Return on equity before tax estimated at 27.2%

Total return on the Max Bank share of 61%

Attachments

year end report 2006.pdf