Nasdaq OMX Copenhagen A/S                     Skjern 8 February 2018

Nikolaj Plads 6

1007 København K







Stock Exchange Announcement No. 1/2018





•  Profit before tax increased by 38 % to DKK 145 million.



•  Return on primo equity before tax of 21.7 %



•  Core earnings increased by 7.8 % to DKK 137 million.



•  Net interest increased by 5 %, while net fee income increased by 17 %. Total
increase of 9 % from DKK 262 million to DKK 287 million. 



•  Impairment decreased by 45 % or DKK 16.3 million. Primarily due to fewer
write-downs in the agricultural segment 



•  Lending growth increased by 6.4 % to DKK 3.9 billion



•  Satisfactory capital ratio of 17.8 % and individual solvency requirements
reduced to 9.4 % 



•  In 2018, the bank expects core earnings in the range of DKK 135 - 145
million. 







Kind regards

Skjern Bank





Hans Ladekjær Jeppesen                              Per Munck

Chairman of the board of directors                 Director