Satisfactory development and acceptable operating profit in Skjern Bank



  -- Annual profit before tax DKK 10.7 million 
  -- Core earnings add up to DKK 81.4 million
  -- Devaluation of loans DKK 52.2 million 
  -- Loans and deposits from customers at current levels
  -- Solvency 15.8 % and individual solvency requirements 11.5 % = 137 %
     coverage
  -- Solid liquidity reserves of DKK 819 million, corresponding to 159.8 %
  -- Continued high customer satisfaction and loyalty to the bank
  -- Danish Financial Supervisory Authority on standard functional examination
  -- Core profit in 2012 is expected in range of DKK 80 – 95 million 



Kind regards



Hans Ladekjær Jeppesen                Per Munck

Chairman of Board                         Banking executive



If any questions please contact Per Munck at 21 73 30 04