Nasdaq OMX Copenhagen A/S                                          Skjern, 6.
februar 2014 

Nikolaj Plads 6

1007 København K







Stock Exchange Announcement No. 1/2014



Improved results and positive development in key areas



•   Profit before tax of DKK 36.2 million compared to DKK 12.3 million in 2012

•   Solvency of 16.8% and individual solvency requirement of 11.6%,
corresponding to 145% coverage 

•   Solid liquidity reserve of DKK 750 million

•   Core earnings of DKK 99.1 million compared with DKK 81.2 million in 2012

•   Loan impairment of DKK 67.1 million compared with DKK 69.2 million in 2012

•   Loan growth of DKK 149 million in 2013

•   Core profit in 2014 is expected to be in the range of DKK 100 – 110 million





Best regards

Skjern Bank





Hans Ladekjær Jeppesen                           Per Munck

 Chairman of the board                              Director







Questions should be directed to the Director Per Munck by phone at 21 73 30 04.