A reasonable start to 2011
- Profit or loss of DKK 0.5 million pre-tax.
- Negative value adjustments of DKK 3.7 million.
- Write-downs of DKK 10.5 million against DKK 18.1 million in 2010.
- Deposits and loans at same level as 31 December 2010.
- Solvency ratio and core capital ratio at 16.0% and 11.1% respectively.
- Individual capital adequacy is determined at 10.3%.
- Unaltered expectations for the year of DKK 80 – 95 million in core earnings before write-downs and value adjustments.
- Loss of DKK 6.0 million incurred due to the bankruptcy of Amagerbanken is recognised in the 2010 annual report.
Yours sincerely,
Skjern Bank
Carsten Thygesen Per Munck
Chairman Director
Please direct any questions to director Per Munck at (+45) 21 73 30 04.
