Skjern Bank

Earnings Release • Feb 3, 2021

Especially satisfactory results

Especially satisfactory results

Nasdaq OMX Copenhagen A/S                             Skjern 3 February 2021

Nikolaj Plads 6

1007 København K

Annoncement 2/2021

•  Profits before tax of DKK 143,8 million

•  Equity yielded interest of 13.7 % before tax

•  Core earnings amounted to DKK 154,7 million

•  Net interest and fee income increased by 3.9 % to DKK 347,5 million

•  Impairment raises to DKK 32,9 million, corresponding to 0.4 % of loans and guarantees

•  Loans amounted to DKK 4,225 million and deposits amounted to DKK 6,464 million

•  Satisfactory capital ratio of 21.2 % and individual solvency requirements of 9.8 %

•  Core profit in 2021 is expected to be in the range of DKK 140 – 155 million

Kind regards

Skjern Bank

Hans Ladekjær Jeppesen                   Per Munck

Chairman of the Board                      Director

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

Attachment

• SKJB-UK-2020-12-31