Faaborg. Denmark, 2011-05-03 15:55 CEST (GLOBE NEWSWIRE) -- Highlights first quarter:
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Net profit is negative by DKK 11,8m.
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Break-even reached if merger costs and expenses to pay due to the bankruptcy of Amagerbanken are not included.
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Unchanged expected annual results before market value adjustments, loan impairment losses and tax between DKK 120-150m.
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Loan impairment losses reduced by DKK 21,8m to DKK 22,4m.
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Expenses to pay due to the bankruptcy of Amagerbanken amount to DKK 14,0m.
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The strategy on lending is followed and loans and advances are reduced by DKK 432,1m.
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Deposits including pool schemes have fallen by DKK 10,4m.
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Liquidity surplus is 229.1 percent.
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Group solvency ratio calculated at 17.7.
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Solvency surplus calculated at 4.0 percent.
- Our new branch in Kerteminde was opened with great success.
CEO Claus Sejling, phone no. +45 6361 1814