English (United States)

Annual Report 2011

Robust profits and focus on capital strength

It is gratifying for us to be able to report pre-tax profits of DKK 345 million in 2011, corresponding to a re- turn on equity of 7.9%. The main reason that this performance was DKK 212 million better than in 2010 was a reduction in contributions to sector-wide solutions after Bank Package I expired, but also the positive growth in our own operations, given the circumstances. 

Rune Brandt Børglum

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