PROFIT BEFORE TAX AND CONTRIBUTION TO THE DANISH PRIVATE CONTINGENCY ASSOCIATION: DKK 625M (H1 2009: DKK 579M)

- Pre-tax profit: DKK 398m (H1 2009: DKK 284m) 
- Net interest and fee income: DKK 2,943m (H1 2009: DKK 2,755m)
- Loan impairment charges and provisions for guarantees under core earnings:
DKK 984m (H1 2009: DKK 1,026m) 
- Loan losses: DKK 321m (H1 2009: DKK 598m)
- Balance of loan impairment charges: DKK 4,145m (H1 2009: DKK 2,143m)
- Earnings from investment portfolios: DKK 279m (H1 2009: DKK 152m)
- Fair value of the “held-to-maturity portfolio” exceeded the carrying amount
by DKK 99m 
- Solvency ratio: 14.8%, of this Tier-1 capital: 13.0% (H1 2009: 14.1% and
12.3%) 
- The liquidity reserve: just over DKK 61bn (H1 2009: DKK 47bn)

“We are satisfied with the development in the first half of the year. Profit
before tax was 40% higher than for the first half of last year. Net interest
and fee income increased by 7% as compared to the first half of 2009. The
activity level for deposits as well as loans and advances has shown a growing
trend since the end of the third quarter of 2009. Since then total deposits
have increased by almost DKK 10bn, and total loans and advances by DKK 2.3bn,
and therefore the Group can again report a deposit surplus. The Group's capital
structure is still very solid, and, at DKK 61bn, its liquidity reserves are at
a record high. Since the first half of 2009, the balance of loan impairment
charges and provisions doubled from 1.6% to 3.2% of loans, advances and
guarantees,” says Anders Dam, Managing Director and CEO, in his comment on the
profit of DKK 398m before tax for the first half of the year. 
 
”In a number of respects, the health of Jyske Bank has been tested and found
satisfactory. 
Jyske Bank was part of the stress test of the largest banks in Europe that the
CEBS (Committee of European Banking Supervisors) carried out in June/July. In
this test, Jyske Bank's calculations demonstrated that we have a sufficiently
solid foundation to fend off difficulties should the economic trends and the
financial markets again show signs of weakness - and it should be noted that
Jyske Bank has not received any capital from the government.  Hence Jyske Bank
- together with another bank - ranked seven out of the 91 banks in the stress
test. 

Moreover, the Danish Financial Supervisory Authority (FSA) has inspected Jyske
Bank's loans and advances to personal customers in Denmark and loans and
advances at Jyske Bank's subsidiary in Gibraltar. The FSA assesses that the
quality of the loan commitment of private borrowers in Denmark towards Jyske
Bank is above the average level applying at other major banks. In line with
this, the FSA assessed the credit risk on the loan portfolio in Gibraltar to be
relatively low. The inspection did not give rise to any changes in Jyske Bank's
overall level of impairment or individual solvency requirement”, concludes
Anders Dam.