Six-monthly report for Skjern Bank 2009


• Profit or loss of DKK -17.2 million after tax.
• 32% increase in EBIT before write-downs, translation and share
  price adjustments and costs associated with the first guarantee scheme
 for banks from first to second quarter.
• Positive share price adjustments of securities, etc.
• 3.5% combined expense reduction, including 21% reduction in other
  administrative expenses.
• Major increase in write-downs, in total DKK 66.3 million.
• Solvency ratio strengthened to 13.4% against 12.9% at the turn of the year.
• Core capital ratio increased to 11.1%.
• Individual capital adequacy of 8.4%.
• Participation in the second guarantee scheme for banks is expected to take
  place during the third quarter.

Attachments

1. halvar 09 uk.pdf
GlobeNewswire