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Vestjysk Bank A/S (VJBA.CO)

VJBA.CO on Copenhagen Stock Exchange

11.80DKK
26 Jul 2017
Change (% chg)

kr.0.00 (+0.00%)
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kr.11.80
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Volume
2,500
Avg. Vol
175,786
52-wk High
kr.17.30
52-wk Low
kr.4.00

Latest Key Developments (Source: Significant Developments)

Decision from European Commission concerning state aid to Vestjysk Bank
Tuesday, 18 Jul 2017 09:49am EDT 

July 18 (Reuters) - VESTJYSK BANK A/S ::DECISION FROM THE EUROPEAN COMMISSION CONCERNING STATE AID TO VESTJYSK BANK.DANISH STATE HAS TODAY NOTIFIED BANK THAT EUROPEAN COMMISSION HAS DECIDED TO APPROVE STATE AID SUBJECT TO CERTAIN CONDITIONS.RESTRUCTURING PERIOD ENDS ON 31 DECEMBER 2019.DECISION, INCLUDING TERMS, DOES NOT GIVE RISE TO CHANGING BANK'S STRATEGY OR PROFIT FORECAST FOR 2017.IF BANK OBTAINS RETURN ON EQUITY AFTER TAX IN 2018 AT FIXED LEVEL IN INTERVAL BETWEEN 7-11 %, RESTRUCTURING PERIOD ENDS ON 31 DEC 18.  Full Article

Vestjysk Bank Q1 loan losses DKK 61 million
Wednesday, 17 May 2017 02:30am EDT 

May 17 (Reuters) - VESTJYSK BANK A/S :Q1 LOAN LOSSES DKK 61 MILLION VERSUS DKK 93 MILLION YEAR AGO.Q1 NET PROFIT DKK 55 MILLION VERSUS DKK 12 MILLION YEAR AGO.OUTLOOK FOR 2017 MAINTAINED.Q1 2017 CORE INCOME OF DKK 245 MILLION (Q1 2016: DKK 231 MILLION), INCLUDING VALUE ADJUSTMENTS OF DKK 24 MILLION (Q1 2016: DKK 7 MILLION).  Full Article

Vestjysk Bank Q4 net profit up at 54 million crowns
Thursday, 23 Feb 2017 03:08am EST 

Vestjysk Bank A/S : Q4 net interest income 153 million Danish crowns ($22 million)versus 168 million crowns year ago . Q4 loan losses 90 million crowns versus 118 million crowns year ago . Q4 net profit 54 million crowns versus 15 million crowns year ago . 2016 profit after tax of 80 million crowns (2015: 49 million crowns) . In 2017 total business volume is expected to have capacity to generate core earnings before impairment at around 400 million-450 million crowns . Lower impairment losses are expected in 2017 .Expects that impairment losses can be absorbed by bank's core earnings, resulting in a significant improvement of its consolidation in 2017.  Full Article

Vestjysk Bank raises outlook on 2016 core earnings and profit
Friday, 27 Jan 2017 03:14am EST 

Vestjysk Bank A/S : Estimates core earnings before impairment for 2016 of 490 million Danish crowns - 510 million Danish crowns ($70.37-$73.24 million) against previously expected 400 million - 450 million crowns . Bank estimates pre-tax profit for year of 65 million crowns - 85 million crowns, where bank previously expected result to be at same level as year 2015 .Raises guidance based on more positive development than expected in Q4 2016.  Full Article

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

Danish bank Vestjysk wins EU okay for overhaul, state aid

BRUSSELS, July 18 Denmark's Vestjysk Bank gained EU regulatory approval on Tuesday for a restructuring plan which includes Danish private investors buying the government's 81.5 percent stake in the bank and refocusing its activities on its core business.