The Group of Sparekassen Faaborg Interim Report 1 January - 30 June 2011

 | Source: Sparekassen Faaborg A/S Sparekassen Faaborg A/S

Faaborg, Denmark, 2011-08-15 12:21 CEST (GLOBE NEWSWIRE) --

  • Pre-tax profit amounts to DKK 7,6m
     
  • Pre-tax profit for second quarter amounts to DKK 23,3m
     
  • Expected annual results before market value adjustments, loan impairment losses and tax have been changed to DKK 100-120m
     
  • Loan impairment losses reduced by DKK 36,0m to DKK 41,1m
     
  • Expenses to pay due to bankruptcies of financial institutions amount to DKK 18,5m
     
  • The strategy on lending is followed and loans and advances are reduced by DKK 438,8m
     
  • Deposits inclusive of pool deposits down by DKK 200,3m
     
  • Early repayment of governmental guaranteed bond loan by DKK 300m.
     
  • Liquidity surplus amounts to 191.3 percent
     
  • Solvency ratio is 18.6
     
  • Solvency surplus amounts to 5.3 percentage points
     
  • Acquisition of Ryslinge Andelskasse.

         CEO Claus Sejling, phone no. +45 6361 1814

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