DKK 2.6 million profit
- Increase in deposits by DKK 37 million and credits decrease by DKK 73 million compared to the 3rd quarter of 2010.
- Net interest and fee earnings on level with 2010
- Value adjustments at DKK -0.3 million
- Depreciations at DKK 51.5 million against DKK 56 million in 2010
- Solvency ratio is 15.7%, and the individual solvency ratio has been calculated to 11.8%
- Liquidity coverage at 160.8% equivalent to DKK 839 million
- Contributions to Guarantee Fund for Depositors and Investors of DKK 1.5 million connected to Max Bank crash losses have been included in the 3rd quarter of 2011
- The Danish Financial Supervisory Authority has conducted a functional investigation in September
- The yearly result is expected to be in the lower part of the DKK 80 – 95 million range before depreciations and value adjustments
Kind regards
Skjern Bank
Carsten Thygesen Per Munck
Chairman of the board Banking executive
Inquiries can be directed to banking executive Per Munck at: + 45 21 73 30 04.
