Nasdaq OMX Copenhagen A/S Skjern 8 February 2018
Nikolaj Plads 6
1007 København K
Stock Exchange Announcement No. 1/2018
• Profit before tax increased by 38 % to DKK 145 million.
• Return on primo equity before tax of 21.7 %
• Core earnings increased by 7.8 % to DKK 137 million.
• Net interest increased by 5 %, while net fee income increased by 17 %. Total increase of 9 % from DKK 262 million to DKK 287 million.
• Impairment decreased by 45 % or DKK 16.3 million. Primarily due to fewer write-downs in the agricultural segment
• Lending growth increased by 6.4 % to DKK 3.9 billion
• Satisfactory capital ratio of 17.8 % and individual solvency requirements reduced to 9.4 %
• In 2018, the bank expects core earnings in the range of DKK 135 - 145 million.
Kind regards
Skjern Bank
Hans Ladekjær Jeppesen Per Munck
Chairman of the board of directors Director
