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Vestjysk Bank A/S (VJBA.CO)

VJBA.CO on Copenhagen Stock Exchange

2.97DKK
17 Nov 2017
Change (% chg)

kr.0.00 (+0.00%)
Prev Close
kr.2.97
Open
kr.2.98
Day's High
kr.2.98
Day's Low
kr.2.96
Volume
292,016
Avg. Vol
1,070,895
52-wk High
kr.9.00
52-wk Low
kr.0.88

Latest Key Developments (Source: Significant Developments)

Vestjysk Bank: write-downs in BEC data centre
Tuesday, 31 Oct 2017 03:59am EDT 

Oct 31 (Reuters) - VESTJYSK BANK A/S ::PRESSURE ON TERMS FOR WITHDRAWING FROM OWNERSHIP TRIGGERS WRITE-DOWNS IN THE BEC DATA CENTRE <<>>.‍BEC WILL TAKE A PARTIAL WRITE-DOWN ON ITS DEVELOPMENT ASSETS IN 2017​.‍MAINTAINS ITS CURRENT GUIDANCE OF CORE EARNINGS OF DKK 400-450 MILLION​.  Full Article

Vestjysk Bank's all new shares have been fully subscribed for​
Wednesday, 27 Sep 2017 02:33am EDT 

Sept 27 (Reuters) - VESTJYSK BANK :RESULT OF THE OFFER OF SHARES WITH PRE-EMPTION RIGHTS IN VESTJYSK BANK .‍ANNOUNCES THAT OFFER OF SHARES WITH PRE-EMPTIVE RIGHTS HAS BEEN FULLY SUBSCRIBED FOR.ON SEPT. 6, VESTJYSK BANK PUBLISHED A PROSPECTUS IN CONNECTION WITH THE OFFERING OF UP TO 744,973,396 NEW SHARES ​.  Full Article

Vestjysk Bank Q2 NII slightly down at DKK 148 mln
Thursday, 10 Aug 2017 02:15am EDT 

Aug 10 (Reuters) - VESTJYSK BANK A/S ::‍OUTLOOK FOR 2017 MAINTAINED​.H1 PROFIT AFTER TAX OF DKK 108 MILLION (H1 2016: DKK 10 MILLION).Q2 LOAN LOSSES DKK 81‍​ MILLION VERSUS DKK 123 MILLION YEAR AGO.H1 CORE INCOME OF DKK 512 MILLION (H1 2016: DKK 477 MILLION).Q2 NET INTEREST INCOME DKK 148 ‍​MILLION VERSUS DKK 149 MILLION YEAR AGO.Q2 PROFIT AFTER TAX DKK 53 MILLION VERSUS LOSS DKK 2 MILLION YEAR AGO.  Full Article

Vestjysk says board authorised until 31 July 2018 to increase bank's share capital by up to DKK 760 million at minimum par value with pre-emption rights
Monday, 31 Jul 2017 11:43am EDT 

July 31 (Reuters) - Vestjysk Bank A/S :Vestjysk Bank - board authorised until 31 July 2018 to increase bank's share capital by up to DKK 760 million at minimum par value with pre-emption rights for shareholders.  Full Article

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

BRIEF-Vestjysk Bank: write-downs in BEC data centre

* PRESSURE ON TERMS FOR WITHDRAWING FROM OWNERSHIP TRIGGERS WRITE-DOWNS IN THE BEC DATA CENTRE