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Vestjysk Bank A/S (VJBA.CO)

VJBA.CO on Copenhagen Stock Exchange

16.40DKK
5:48am EST
Change (% chg)

kr.0.30 (+1.86%)
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kr.16.10
Open
kr.16.50
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kr.16.50
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kr.16.00
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Latest Key Developments (Source: Significant Developments)

Vestjysk Bank comments on new Tier 1 capital requirement as of Jan 1, 2017
Friday, 30 Dec 2016 02:55am EST 

Vestjysk Bank A/S : On Nov. 23 it was announced that bank is required to include additional Tier 1 capital from Danish State of 312 million Danish crowns ($44.1 million) in its individual solvency need as of Jan. 1, 2017 . Is not considered likely that bank can cover stricter requirements for capital conservation buffer in full as of Jan. 1, 2017, but only that bank can cover majority thereof . Will continue to be subject to certain statutory restrictions on payment of bonus and dividend .In addition, bank must prepare and submit capital conservation plan for Danish FSA's approval.  Full Article

Vestjysk Bank Q3 net result swings to profit of DKK 15.5 mln
Wednesday, 23 Nov 2016 02:35am EST 

Vestjysk Bank A/S : Q3 net interest income 147.2 million Danish crowns ($21 million) versus 159.6 million crowns year ago . Q3 loan losses 110.4 million versus dkk 81.5 million year ago . Q3 net profit 15.5 million crowns versus loss 10.4 million crowns year ago . Expects adjusted core earnings before impairment of 400 million to 450 million crowns, against previously stated core earnings before impairment at upper end of 350 million- 400 million crowns . Expects that impairment writedowns can be absorbed into bank's core earnings, leading to a result at same level as 2015 .Says profit after impairment charges is considered unsatisfactory..  Full Article

Vestjysk Bank Q2 net result turns to loss DKK 1.1 million
Wednesday, 24 Aug 2016 02:58am EDT 

Vestjysk Bank A/S : Q2 net interest income 149 million Danish crowns ($22.61 million) versus 162 million crowns year ago . Q2 loan losses 123 million crowns versus 78 million crowns year ago . Q2 net loss 1.1 million crowns versus profit 11.1 million crowns year ago . H1 core income 477 million crowns versus 499 million crowns year . H1 profit after tax 10 million crowns versus 44 million crowns year ago .Says 2016 total business volume is expected to have capacity to generate core earnings before impairment at upper end of 350 million to 400 million crowns.  Full Article

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

BRIEF-Vestjysk Bank Q3 net result swings to profit of DKK 15.5 mln

* Q3 net interest income 147.2 million Danish crowns ($21 million) versus 159.6 million crowns year ago