Skjern Bank A/S reported consolidated financial results for the year ended Dec. 31, 2015. For the year, interest receivable was DKK 218,537,000 against DKK 244,721,000 for the last year. Net income from interest was DKK 162,228,000 against DKK 159,926,000 for the last year. Result before tax was DKK 51,044,000 against loss of DKK 56,748,000 for the last year. Net-result for the financial year was DKK 40,115,000 against loss of DKK 56,036,000 for the last year. Total debt was DKK 4,635,813,000 against DKK 4,692,329,000 for the last year. Earnings per share was DKK 19.9 against loss of DKK 29.1 for the last year. Book value per share was DKK 291 271,000 for the last year. Return on equity after tax was 7.0% against negative return of 10.2% for the last year. Return on assets was 0.7% against negative return of 1.0% for the last year. the profit was positively affected by the improvement in the bank's net interest and fee income, while the impairment level remains high. Profit before tax was negatively affected by an increased level of impairment, corresponding to 1.4%. However, the level was significantly reduced compared to 2014.

The company announced that its expectations for 2015 have been realised in most areas, and on this basis the bank has an optimistic outlook for 2016 and expects to maintain the earnings level realised in 2015, based on the increasing number of customers, continued declining interest expenses and the strongly improved core earnings.