Brief: Decision from European Commission concerning state aid to Vestjysk Bank

Vestjysk Bank A/S

18/07/2017 14:50

July 18 (Reuters) - VESTJYSK BANK A/S  VJBA.CO : 
    * 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 
 
Source text for Eikon:  ID:nCSE70lQ  
Further company coverage:  VJBA.CO  
 
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