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Vestjysk Bank A/S (VJBA.CO)

VJBA.CO on Copenhagen Stock Exchange

8.00DKK
22 Jul 2016
Change (% chg)

kr.0.05 (+0.63%)
Prev Close
kr.7.95
Open
kr.7.95
Day's High
kr.8.00
Day's Low
kr.7.85
Volume
7,451
Avg. Vol
21,944
52-wk High
kr.10.70
52-wk Low
kr.6.95

Latest Key Developments (Source: Significant Developments)

Vestjysk Bank to pay fine of DKK 2.5 mln
Wednesday, 8 Jun 2016 07:15am EDT 

Vestjysk Bank A/S : High Court of Western Denmark has delivered its verdict on appeal regarding alleged market manipulation in former Aarhus Lokalbank A/S in period Sept. 1, 2009 to Feb. 5, 2010 . On Oct. 31, 2015 court in Aarhus sentenced Vestjysk Bank to pay fine of 1 million Danish crowns ($152,994) . High Court of Western Denmark has raised fine to amount of 2.5 million Danish crowns .Says apart from effect of fine on bank's results verdict will have no financial consequences for Vestjysk Bank.  Full Article

Vestjysk Bank redeems subordinated loan capital at maturity
Monday, 23 May 2016 03:33am EDT 

Vestjysk Bank A/S : Redeems subordinated loan capital at maturity .Redemption has no effect on Vestjysk Bank's solvency ratio.  Full Article

Vestjysk Bank Q1 net profit down at DKK 11.5 million
Thursday, 12 May 2016 02:42am EDT 

Vestjysk Bank A/S : Q1 net interest income 146.1 million Danish crowns ($22.43 million) versus 151.5 million crowns year ago . Q1 loan losses 93.5 million crowns versus 93.1 million crowns year ago . Q1 net profit 11.5 million crowns versus 33.4 million crowns year ago . Says total business volume is expected, to have capacity to generate core earnings before impairment at around 350 million - 400 million crowns in 2016 .Expects that impairment writedowns can be absorbed into bank's core earnings, resulting in a certain improvement of its consolidation in 2016.  Full Article

Vestjysk Bank A/S transfers Kolding branch to Fynske Bank
Wednesday, 13 Apr 2016 03:59am EDT 

Vestjysk Bank A/S:Transfers Kolding branch to Fynske Bank.Transfer is accepted by Finanstilsynet.  Full Article

Vestjysk Bank A/S provides outlook for FY 2016
Thursday, 25 Feb 2016 02:17am EST 

Vestjysk Bank A/S:In 2016 sees core earnings of 350 million - 400 million crowns, in line with the announced for FY 2015.Combined with expectations for a continued reduction of total impairment charges, expects a certain improvement of the bank's consolidation in 2016.  Full Article

EU Commission opens investigation into restructuring aid for Vestjysk Bank in 2012
Friday, 4 Dec 2015 06:26am EST 

Vestjysk Bank A/S:European Commission has opened an in-depth investigation to assess whether aid granted by Denmark to Vestjysk Bank in 2012 is compatible with EU State aid rules.Commission will in particular examine whether Vestjysk Bank's restructuring plan would restore long-term viability without unduly distorting competition.At this stage Commission has doubts as to whether restructuring plan would be adequate to ensure bank's return to long-term viability.  Full Article

Vestjysk Bank maintains its FY 2015 outlook
Wednesday, 18 Nov 2015 02:50am EST 

Vestjysk Bank A/S:Maintains its FY 2015 outlook of core earnings before impairments of about 350 million - 400 million crowns and a moderate degree of consolidation.  Full Article

Vestjysk Bank implements organisational changes, maintains FY 2015 outlook
Monday, 14 Sep 2015 07:00am EDT 

Vestjysk Bank A/S:A number of cost-saving measures will be implemented on Sept. 28, 2015.This takes place in view of the Bank's declining business volume, which is a consequence of the Bank's deliberate reduction of its balance sheet.Overall, the organisational changes will entail a reduction in the number of employees in the Bank from 510 as of June 30, 2015 to around 460, equivalent to about 10 pct of employees.Expects to achieve annual cost savings of minimum 25 million Danish crowns as a consequence of implementation of cost-saving measures.Savings will not have accounting impact until as from Jan. 1, 2016.Expected extraordinary costs related to the implementation of the measures will be recognised in the current financial year.However, Vestjysk Bank maintains its expectations for FY 2015 of core earnings before impairments at the level of 350 million - 400 million crowns.  Full Article

Vestjysk Bank A/S maintains FY 2015 outlook
Wednesday, 19 Aug 2015 02:35am EDT 

Vestjysk Bank A/S:Maintains its FY 2015 outlook of core earnings before impairments of about 350 million - 400 million Danish crowns.  Full Article

Vestjysk Bank A/S maintains FY 2015 outlook
Wednesday, 13 May 2015 02:24am EDT 

Vestjysk Bank A/S:Maintains its FY 2015 outlook of core earnings before impairments of about 350 million - 400 million Danish crowns.  Full Article

BRIEF-Vestjysk Bank to pay fine of DKK 2.5 mln

* High Court of Western Denmark has delivered its verdict on appeal regarding alleged market manipulation in former Aarhus Lokalbank A/S in period Sept. 1, 2009 to Feb. 5, 2010