Q1 2010 in headlines

- Profit of DKK 2.1m before tax after payment of DKK 6.4m into Bank Aid 
Package 1 

- Profit from ordinary banking activities totalled DKK 22.4m against 
DKK 10.2m in 2009 

- Positive market value adjustments of DKK 9.2m

- Still relatively large impairment losses of DKK 22,8m

- Capital adequacy ratio of 15.3% against 11.8% at the same time last year

- Historically high excess liquidity of 294% above the statutory requirements

- Expectations for 2010 are still a profit from ordinary banking activities in
the range of DKK 77-87m and a pre-tax performance between a loss of DKK 10m and
a profit of DKK 20m. 


Stock exchange announcement no 17/2010