Quarterly report for the 1st - 3rd quarter 2007
Pre-tax profit amounts to DKK 225m, which is an increase of approximately 9% in
comparison with the same period in 2006. The bank has thus maintained the high
level of income from the first half-year.
The volume of business continues to grow, distributed as follows:
loans and advances +26%, deposits +21% and guarantees +17%.
The cost percentage amounts to 54%, which meets the bank's long-term goal of a
cost percentage of approximately 55%.
Impairment on loans and advances and accounts receivable, etc. amounts to a
total net-reversal of approximately DKK 11m, against costs of DKK 18m at the
end of the 3rd quarter of 2006.
The average shareholders' equity for the period yielded an interest of 17.9%.
The bank maintains the upwardly adjusted expected pre-tax profit of
approximately DKK 310m.
