The Group of Sparekassen Faaborg Interim Report 1st January - 30th June 2009



Loss amounting to DKK 37,4 million - first loss since 1986.
Net interest and fee income increased by 1.8 percent.
Staff costs and administration expenses decreased by 1.4 percent.
Expenses to the Financial Stability Company amount to DKK 23,3
million inclusive of the impairments of DKK 9,5 million mentioned
below.
Loan impairment charges as follows:
Sparekassen Faaborg DKK 76,4 million
Finansieringsselskabet Faaborg Formueforvaltning DKK 25,0 million
Leasing Fyn Faaborg DKK 6,2 million
Financial Stability Company DKK 9,5 million.
Loans and advances decreased by 5.2 percent to DKK 5,5 billion.
Deposits increased by 3.5 percent to DKK 4,3 billion.
Solvency ratio calculated at 14.4.
Expected annual results of DKK 160-190 million before loan impairment
charges etc. maintained.

Attachments

Interim report 2009.pdf
GlobeNewswire