The Supervisory and Executive Boards have today approved the interim financial
report of Group Skælskør Bank for the period 1 January - 30 September 2008.
Profit for the period 1 January - 30 September 2008
Profit before tax amounts to DKK 17.1m against DKK 44.0m last year, which
primarily attributable to a decrease in translation/market value adjustments
Net interest and fee income increased from DKK 98.5m to DKK 103.5m,
corresponding to an increase of 5.1%
Core earnings before impairment losses on loans and receivables amount to DKK
36.2m against DKK 31.0m for the same period last year
Translation/market value adjustment of securities amounts to a negative 2.6m
against a positive DKK 21.4m for the same period last year
Staff costs and administrative expenses amount to DKK 71.2m, constituting an
increase of 6% on the same period last year
Impairment losses on loans, advances and receivables, etc amount to DKK 16.5m
against DKK 8.4m in the same period last year
Expected pre-tax profit between DKK 20m and DKK 25m.
