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Core Income up 35% Presentation 5 August 2009 - Interim Report H1 2009 Janus Petersen, CEO
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A strong and satisfying result in H1 2009 Good result in line with projections. Strong position for consolidation of the banking sector 205.08.09
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Profit driven by growing core earnings Positive core developments in challenging times Strong interest income, net Stable fee income Strong insurance income Decreasing administrative cost 05 August 20093
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Business volumes are stable and loans sufficiently funded Stable developments in challenging times Stable loans Stable Deposits and due to creditinst. 05 August 20094
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Solid earnings - a result of increased NII Interest Income increased by 2% Interest Expenses decreased by 27% Net Interest Income increased by 33% from the same period last year * Figures are not consolidated nor in accordance with IFRS 05 August 20095
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Asset quality - a good platform for further profitable growth in income Corporate loansTotal loans 05 August 20096
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The asset quality in the loan book is reflected in the relatively low level of impairments * Figures are not consolidated nor in accordance with IFRS 05 August 20097
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Impairment charges on loans and advances Impairment mainly in Corporate Sector Concentrated in the Fishing, Trade and Hotel and construction sectors 05 August 20098
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Keeping cost below 50% of income 05 August 20099
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Well positioned for consolidation Limited growth potential in Faroe Islands Opportunities for expansion on the Danish market Applied for Hybrid Core Capital Risk diversification Higher shareholder value 05 August 200910
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Core Income up 35% Presentation 5 August 2009 - Interim Report H1 2009 Janus Petersen, CEO and Johnny í Grótinum, IR
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