Q1 - Q3 2007 report
Amagerbanken's Board of Directors today approved the group Q1 - Q3 2007 report.
The following items may be pointed out:
• Core income of DKK 854.0m against DKK 686.0m in 2006 - an increase of 24.5%
• Cost ratio of 50.5% against 53.0% in 2006
• Core earnings amounted to DKK 415.1m against DKK 350.6m in 2006
• Value adjustments, etc. amounted to minus DKK 33.7m against DKK 112.1m in
2006. The Jeudan A/S share is included with an unrealized loss in 2007 of DKK
66m and with an unrealized profit of DKK 20.7m in 2006
• The pre-tax profit amounted to DKK 381.4m corresponding to a return on
opening shareholders' equity of 25.1% p.a.
• The net profit for the period amounted to DKK 309.8m
• The volume of business - deposits, loans and advances and guarantees - rose
by 18% compared to same period last year
• The Bank's solvency ratio inclusive of the result for the period was 12.5%,
of which core capital accounting for 8.5%
• The Bank's all-year expectations to core earnings are maintained at the level
of DKK 500 - 520m.
Questions to this report may be addressed to Mr. Knud Christensen, Managing
Director and Chief Executive by phone no. +45 32 66 60 00 - best after 14.00
p.m.
Yours faithfully,
A M A G E R B A N K E N
Knud Christensen
Managing Director and
Chief Executive
