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FIH Interim Report Q1 2009

05.05.2009
  • Net loss after tax for the period came to DKK 297 million, which is unsatisfactory
  • Extraordinary fall in net interest income owing to incoherence in the fixing of deposit and loan interest rates, affecting the results by approximately DKK 120 million
  • Significant writedowns of DKK 449 million
  • Non-recurring expenses of DKK 80 million as a consequence of restructuring during the first quarter
  • FIH’s solvency as of 31 March represents 11.7 per cent against an individual solvency requirement of 8.5 per cent
  • Highly satisfactory liquidity growth
  • Downward adjustment of expectations for the full year to approximately DKK 100 million
  • FIH has decided to apply for capital contribution under Bank Package II of DKK 1.7 billion

Risk management

1st Quarter

 
1st Quarter