Skjern Bank A/S, Financial Statement Release


Continued strong progress within all business areas

Total business activities increased by 25 % to DKK 8,300 million and DKK 12,400
million, including deposits

Lending increased by 25 % and deposits by 38 %

Basic capital increased by 40 % to DKK 686 million and solvency rate of 13.5 %

Strongly increased liquidity reserves with excess solvency compared with
statu-tory 
requirements of 91 % compared with 41 % as at the end of 2006

Reduction in positive price adjustments and write-downs in the fourth quarter
means that the result before taxes is DKK 52.6 million 

Organisation development, capital base and liquidity resources ensure good
basis for future development

Attachments

annual report 2007.pdf