3rd Quarter Report 2008 from Skjern Bank


Core earnings before share price adjustments and write-downs increased by 27 %
to 
DKK 59.1 million and are thus almost at the same level as for the whole of 2007.
Substantial negative value adjustments and write-downs on loans etc. 
Unchanged business volume.
Loss of DKK - 5.3 million is not satisfactory.
Normal supervisory visit by The Danish Financial Supervisory Authority - after
4 years. The supervisory visit resulted in a positive conclusion. 
A solid capital foundation with a strong solvency of 13.3% and an individual 
solvency requirement of 7.3%.
Good liquidity with terms until 2015, together with a current excess capital
adequacy 
of 95%.
Expectations for the year before value adjustments and write-downs unaltered 
at DKK 80 - 90 million.
Expectations for the profit or loss for the year are for a smaller, positive
profit, though this is dependent on developments within the securities markets.

Attachments

3rd quartar 08.pdf