In 2007, Max Bank realised a pre-tax profit of DKK 57.9m, which is very close to the expectation announced in August 2007. An increase in loans and advances as well as deposits of approx 35% has been realised, and the total business volume has gone up by 17% to DKK 17.0bn. The Bank's focus on creating an even better balance between earnings and costs ia implies that it has a relatively modest cost increase of 7% in 2007 despite the new establishment in Århus. The full effect of this focus will not fully feed through until 2008. The Bank's capital adequacy ratio has been estimated at 14.5% and is thereby well above the capital adequacy requirement of 8.3%, determined under the new Basel II rules. In addition, Max Bank has solid and long-term cash resources, which by the end of 2007 had an excess cover of 85.2%.