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.