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| | | ALM. BRAND BANK |
| | | Direktionen |
| | | Midtermolen 7 |
| | | 2100 København Ø |
| | | Telefon 35 47 48 49 |
| | | www.almbrand.dk |
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| To OMX Nordic Exchange Copenhagen A/S | | |
| Nikolaj Plads 6 | | |
| P.O. Box 1040 | | |
| DK-1007 Copenhagen K | | |
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| Announcement No. 2/2008 | Date | 28 February 2008 |
| | Page | 1 of 1 |
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Alm. Brand Bank - Annual Report 2007 and revision of financial calendar 2008
Highlights
Satisfactory pre-tax profit of DKK 196 million
28% growth in loans and advances
23% growth in deposits
23% growth in the number of dobbeltKUNDER
Continued increase in customer and employee satisfaction
Overview
The bank posted a satisfactory profit before tax of DKK 196 million
Loans and advances increased by 28% in 2007 and amounted to DKK 18.0 billion at
year-end
Losses on loans and advances recorded at DKK 19 million in 2007 were at a
satisfactory level
Shareholders' equity stood at DKK 1,365 million at 31 December 2007
Return on equity for 2007 was 15% before tax
The Board of Directors recommends to the annual general meeting that no dividend
be paid
A profit in the region of DKK 200 million before tax is expected for 2008
Financial calendar for 2008:
28 February 2008 Release of Annual Report 2007
15 April 2008 Annual general meeting (rescheduled from 1 April)
29 May 2008 Release of interim report for the first quarter of 2008
27 August 2008 Release of interim report for the first half-year of 2008
19 November 2008 Release of interim report for the third quarter of 2008
Please direct any questions regarding this announcement to Henrik Nordam, Chief
Executive, on tel. +45 35 47 48 49.
Alm. Brand Bank A/S
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| Henrik Nordam | |
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| Chief Executive | |
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