Futuris yesterday said it forecast a net profit contribution from Elders Rural Bank of $21.1 million in the December 2008 half (up from $19.4 million in the December 2007 half) and a net profit contribution of $41.0 million in the year to June 2009 (compared with $41.1 million in 2008).In an investor presentation to explain the company's revised strategy Futuris (which plans to change its named to Elders Limited), said margins were falling across its financial services businesses. Bendigo and Adelaide Bank owns the other 50 per cent of ERB.Futuris reaffirmed its support for the ERB joint venture with Bendigo and also all its other joint ventures (though the firm will divest about a dozen non-core investments, none of them in financial services, generating a first-half loss of about $170 million).The company said loan growth was slowing for Elders Rural Bank. Retail deposits increased seven per cent in the year to October.ERB's liquidity is at 20 per cent, above management's target and presumably also above APRA's increasingly stringent targets for small banks.In the first of its "pillar 3" disclosures, published last week, the bank disclosed $4.3 billion in credit exposures at September 30; impaired assets of $26.1 million, equal to 0.6 per cent of loans and a tier one capital ratio of 7.5 per cent. This increased to 7.8 per cent more recently based on data in yesterday's Futuris investment presentation.Futuris said it expects to report a lower profit from its insurance business, down to $11.9 million in 2009 from $19.1 million in 2008 even though it expects premium income to rise by six per cent.The company also expects its portfolio of securitised loans, which largely fund investments in tax-advantaged forestry projects through ITC, to decline to $281 million at June 2009, down from $374 million at June 2008.