OMX The Nordic Exchange
6, Nikolaj Plads
1007 Copenhagen K
Announcement No. 017-2007
15 August 2007
Interim Report 2007 and upward adjustment
Amagerbanken's Board of Directors today approved the group interim report 2007.
The following items may be pointed out:
Core income of DKK 575.6m against DKK 447.9m in 2006 - an increase of 28.5%
Cost ratio of 50.3% against 53.5% in 2006
Core earnings amounted to DKK 285.7m against DKK 247.8m in 2006
Value adjustments, etc. amounted to minus DKK 32.6m against DKK 14.0m in 2006.
The Jeudan share is included with an unrealized loss in 2007 of DKK 60m and with
an unrealized profit of DKK 13.1m in 2006
The pre-tax profit amounted to DKK 253.1m corresponding to a return on opening
shareholders' equity of 24.9% p.a.
The net profit for the period amounted to DKK 216.0m
The volume of business - deposits, loans and advances and guarantees - rose by
20% compared to same period last year
The Bank's solvency ratio inclusive of the interim result was 12.4%, of which
core capital accounting for 8.3%
Core earnings are upward adjusted from the level DKK 400 - 430m to DKK 500 -
520m.
Questions to this report may be addressed to Mr. Knud Christensen, Managing
Director and Chief Executive by phone no. +45 32 66 60 00 - best after 14.00
p.m.
Yours faithfully,
A M A G E R B A N K E N
Knud Christensen
Managing Director and
Chief Executive
