Solid liquidity, capital and acceptable results
- Solvency of 19.6% and individual solvency requirement of 11.9%, calculated according to the Danish Financial Supervisory Authority new 8+ model results in 64% coverage
- Individual solvency requirement of 10.5% according to previous used capital adequacy model
- Solid liquidity reserves of DKK 1,501 million, corresponding to 265.6%
- Annual profit before tax of DKK 12.3 million
- Core earnings add up to DKK 81.2 million
- Devaluation of loans DKK 69.2 million
- Loans remained largely unchanged and deposits increased by DKK 1 billion compared to 2011
- The share capital increase was fully subscribed in December
- The Danish Financial Supervisory Authority's annual survey was successfully completed
- The Danish Financial Supervisory Authority allow repayment of government hybrid loan capital of DKK 65 million
- Core profit in 2013 is expected to be in the range of DKK 90 - 100 million
Kind regards
Hans Ladekjær Jeppesen Per Munck
Chairman of the board Banking executive
Any questions should be addressed to Director Per Munck at phone: +45 9680 1300 or
+45 2173 3004.