fundingsituation Kandidatafhandling Lean Klarskov Jensen Cand.merc.fir Handelshøjskolen i København 79,4 sider 180.532 satsenheder Oktober 2011 3,00%

s s fundingsituation Kandidatafhandling Lean Klarskov Jensen Vejleder: Michael Ahm Institut: Institut for Regnskab og Revision Cand.merc.fir Handelshøjskolen i København 79,4 sider 180.532 satsenheder Oktober 2011 A2 3,00% Baa1 2,50% 2,25% Baa2

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Peer Group Arb. kapital Navn (mio. kr.) Sydbank A/S 96.078 Vestjysk Bank A/S 28.441 Arbejdernes Landsbank, Aktieselskab 25.487 Sparbank A/S 15.448 Ringkjøbing Landbobank, Aktieselskab 14.496?3,=)-Q Fundingkilder i mio.kr. 2010 2009 2008 2007 2006 Kreditinstitutter 6.501 7.630 16.952 19.830 21.918 Repoforretninger 1.627 1.697 1.042 1.131 2.158 Indlån 30.391 31.931 33.833 27.387 22.166 Udstedte obligationer 7.806 6.445 3.421 2.171 0 Ansvarlig lån 2.477 2.681 1.652 1.770 1.458 Egenkapital 4.374 4.143 4.025 4.138 3.649 I alt 53.175 54.527 60.925 56.427 51.349 LFBK?B@<;8F9;F87B7>P<:BE?>I^>@:<;8F9;F8:B?I?@F8R$ Fundingkilder i % 2010 2009 2008 2007 2006 Kreditinstitutter 12 14 28 35 43 Repoforretninger 3 3 2 2 4 Indlån 57 59 56 49 43 Udstedte obligationer 15 12 6 4 0 Ansvarlig lån 5 5 3 3 3 Egenkapital 8 8 7 7 7 I alt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h7H< #$%&'%()'*&+,"'"" ## $,:HAIA88:;B?B@:8=:\7BK>:<<AQ:B<[8<9?>;IFBK?B@9?>K:]\EA8E:K7I<B?;;:;\:8 '" IA9F<:8:8HVK:HA<?;<$/:HA<?;<\78>^=:;?K:8I87cBK7@A@AH;?>"#QVB:K:8 %" $*" #C A@<9:8 " (" &" $" E?7?B;:8=7B9Q789:K:;$%VBE?7A=>?@7;?AB<Q789:K:;:87I;7>:8Q:>>:Q98:K?;?B<;?;F;;:8] #" $(" " \EA8>^=:;?K:BAE:8<;?@:8c;V8$.:8FBK:8?BK@V8<:B?A8>VB]K:8:8:BQVK:]\EA8HV =7B9:8B:97B\:B;:>7B@<?@;:;IFBK?B@I877BK8:FK:B>7BK<9:=7B9:8A@?B<;?;F;?AB:>>:?BE:<;A8:8E?7K:;?B;:8B7;?AB7>:A=>?@7;?AB<Q789:K #D $0:B?A8>VB=:BP;;:<H8?Q[8;;?>7; K?E:8<?I?Z:8:IFBK?B@<;8F9;F8:BIA87;=:@8[B<::9<HAB:8?B@:BQAK9A8;<?@;:;IFBK?B@$ $#" $)" $+" #"67=:>>:B=P@@:8HV0H78+A8K<V8<87HHA8;IA8#--J1#-"-<7Q;8?<?9A87HHA8;#--UA@#-"-$ ##+7;?AB7>=7B9:B'E78;7><AE:8<?@;C$9E;$#-"-]<?K:""O #C+7;?AB7>=7B9:B'E78;7><AE:8<?@;C$9E;$#-"-]<?K:"#J]=A9<" #D(8;?9:>G "U