Annual Report 2009

Summary:

Interview with Anders Dam

  • Profit before contribution to the Danish Private Contingency Association of DKK 1,240M, corresponding to a return of 12% on opening equity.
  • Contribution to the Danish Private Contingency Association of DKK 611m.
  • Pre-tax profit of DKK 629m.
  • Core earnings before loan impairment charges and provisions for guarantees of DKK 3,163m.
  • Loan impairment charges and provisions for guarantees under core earnings of DKK 2,420m.
  • Core earnings of DKK 743m.
  • Earnings from investment portfolios net of funding costs of DKK 497m.
  • Fair value of the “held-to-maturity portfolio” exceeds the carrying amount by DKK 17m.
  • The liquidity reserve amounted to almost DKK 54bn.
  • Solvency ratio of 15.3% (Tier 1: 13.5%).