Jyske Bank A/S reported preliminary group and bank earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, on group basis net interest income was DKK 1,296 million, net interest and fee income was DKK 1,684 million, per-tax profit was DKK 175 million, net profit was DKK 177 million against net interest income was DKK 1,177 million, net interest and fee income was DKK 1,594 million, per-tax profit was DKK 402 million, net profit was DKK 307 million a year ago. For the full year, on group basis the interest income was DKK 6,941 million, net interest income was DKK 4,742 million, net interest and fee income was DKK 6,077 million, per-tax profit was DKK 601 million, net profit was DKK 493 million and net profit attributable to the bank shareholders was DKK 490 million or DKK 7.59 per diluted share against interest income was DKK 6,281 million, net interest income was DKK 4,723 million, net interest and fee income was DKK 6,066 million, per-tax profit was DKK 1,003 million, net profit and net profit attributable to the bank shareholders was DKK 757 million or DKK 11.71 per diluted share a year ago. Cash flows from operating activities were DKK 6,262 million against cash used in operations was DKK 1,221 million a year ago. Acquisition of property, plant and equipment was DKK 411 million against DKK 225 million a year ago. Pretax profit per share for the period was DKK 9.30 against DKK 15.52 a year ago. On bank basis, the interest income was DKK 6,553 million, net interest income was DKK 4,276 million, net interest and fee income was DKK 5,421 million, per-tax profit was DKK 574 million, net profit was DKK 490 million against interest income was DKK 5,886 million, net interest income was DKK 4,295 million, net interest and fee income was DKK 5,458 million, per-tax profit was DKK 958 million, net profit was DKK 757 million a year ago. Book value as at December 31, 2011 was DKK 214 per share. In 2012 it is anticipated that the pre-tax profit from the acquired activities in 2011 will amount to about DKK 75 million and it is expected to increase to about DKK 125 million in 2014. The company expects moderate growth in Denmark, the euro zone and the global economy. On the whole, the company expects that also in 2012 the Danish economy will focus on consolidation and saving rather than consumption and investments. It is expected that 2012 will be a busy year for Jyske Bank. The migration to Bank data will strongly affect the year, and the migration will affect customers and employees to varying degrees. Given the initiatives implemented in 2011 and the continued focus on efficiency enhancing measures and rationalisation, the migration to Bankdata and possible, selected acquisitions, Jyske Bank expects to improve the return on equity over the coming year.