Q1 2007

Max Bank maintains growth

In Q1 2007, Max Bank has maintained considerable growth in total business
volume by 30% on Q1 2006. Profit amounted to DKK 23.4m, which is better than
expected, but expectations for profit for the year are maintained. 


•Sustained considerable growth in business volume with increase of 30% to DKK
15.2bn 
•Positive effect of interest rate wars - 21% increase in deposits since the
start of the year 
•Pre-tax profit of DKK 23.4m despite extraordinary expenses for the opening of
a new branch in Århus, which is better than expected 
•Heavily improved capital resources, where the base capital now totals DKK
817.5m, which will be further strengthened by DKK 100m in subordinated loan
capital at 1 May 2007