• Pre-tax profit of DKK 10.9 million.
• Solid core earnings of DKK 43.2 million.
• Positive translation adjustments of DKK 17 million.
• Write-downs of DKK 38.7 million against DKK 66.3 million in 2009.
• Costs of the first guarantee scheme for banks amount to DKK 11.2 million.
• Return on equity of 5.8% on an annual basis.
• Deposits and loans remain unchanged.
• Solvency and core capital ratios of 15.7% and 10.9% respectively.
• Individual capital adequacy is determined at 9.6%.
• Solid liquidity surplus of DKK 1.7 billion equivalent to 277%.
• Unaltered expectations for the year of DKK 85 - 100 million in EBIT before
write-downs, share price and translation adjustments and costs associated
with the first guarantee scheme for banks.
Yours sincerely,
Skjern Bank
Carsten Thygesen Per Munck
Chairman of the Board of Directors Director
Questions should be addressed to Director Per Munck on +45 2173 3004.
