Six-monthly report for Skjern Bank 2008
• Basic earnings increased by 25 % to DKK 39.9 million.
• A continued high level of activity despite a marked drop in clients' trade
in securities.
• Lending operations measured as direct loans and facilitation of foreign loans
increased by 10.5 %.
• The scope of activities remained at a high level.
• Negative value adjustments as a result of financial instability reduce the
result before tax by DKK 23 million compared with the record level of last
year.
• Write-downs increased but actual losses remained unchanged.
• Unchanged expectations for an annual result of DKK 80-90 million before value
adjustments, write-downs and tax.
