Ringkjøbing Landbobank's quarterly report for the 1st-3rd quarters of 2009

The bank's pre-tax profit after the third quarter of 2009 was DKK 249 million,
equivalent to an 18.6% p.a. return on equity at the beginning of the period. In
view of the costs paid for bank package I, this result is considered
satisfactory. 

The core earnings before write-downs were DKK 395 million against last year's
DKK 373 million, an increase of 6%. Write-downs totalled DKK 113 million, after
which the bank's core earnings are DKK 282 million. The expectations for core
earnings for 2009 are now specified within the range DKK 300-400 million. 

Highlights - three quarters
- Pre-tax profit of DKK 249 million equates to 18.6% p.a. return on equity
  at beginning of period
- Profit of DKK 318 million before bank package I equates to 23.7% p.a.
  return on equity at the beginning of the period 
- 6% increase in core earnings before write-downs
- Fall in costs gives a 5% improvement in the rate of costs to 29.8
- Satisfactory level for write-downs of DKK 113 million - equivalent
  to 0.96% p.a. 
- Costs of bank package I DKK 68 million
- Increase in the solvency ratio to 19.8, equivalent to excess solvency
  of 148% 
- The core capital ratio increased to 16.2 - without participation in
  bank package II 
- Moody's maintains the bank's good credit rating
- Expectations for core earnings for 2009 are now specified to be within
  the range DKK 300-400 million.