Annual Report 2008

- Core earnings of DKK 420 million, in the middle of the range reported at the
beginning of the year 
- Pre-tax profit of DKK 319 million equates to 20% return on equity at the
beginning of the year 
- Core earnings before write-downs show 8% improvement to DKK 497 million
- Write-downs of DKK 77 million, equivalent to 0.47% of loans and guarantees -
0.41% reserved for later and 0.06% actually lost and written off 
- Rate of costs improved by 4% to 32.4 - still the lowest in the country
- Result for portfolio minus DKK 73 million - at current values
- Solvency ratio 16.3, equivalent to excess cover of 104%
- Core capital ratio 13.0
- Expected core earnings for 2009 in the range DKK 250-450 million