Acceptable profit
Nasdaq OMX Copenhagen A/S Skjern, February 5 2019
Nikolaj Plads 6
1007 København K
Announcement no. 1/2019
Acceptable profit
• Profit before taxes increased to DKK 165 million, of which around DKK 60 million was extraordinary capital gains.
• Equity yielded interest of 19.5 % before tax and 12.1 % excluding extraordinary capital gains
• Core earnings amounted to DKK 119.6 million.
• Net interest and fee income increased by 3.9 % to DKK 308 million.
• Impairment on a unchanged level of DKK 19.7 million.
• Lending growth of 11.1 % to DKK 4.4 billion.
• Satisfactory capital ratio of 17.6 % and individual solvency requirements unchanged at 9.4 %.
• In 2019, the bank expects core earnings in the range of DKK 130 - 145 million.
Kind regards
Skjern Bank
Hans Ladekjær Jeppesen Per Munck
Board Chairman Banking executive
For further information, please contact Per Munck, banking executive, at +452173 3004.
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