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.
The Group of Sparekassen Faaborg Interim Report 1st January - 30th June 2009
| Source: Sparekassen Faaborg A/S