Brief: Reg-Vestjysk Bank's Q1 2019 Quarterly Report

Vestjysk Bank A/S

15/05/2019 07:37

May 15 (Reuters) - Vestjysk Bank A/S  VJBA.CO :
    * REG-VESTJYSK BANK'S Q1 2019 QUARTERLY REPORT
    * VESTJYSK BANK REALISED A PROFIT AFTER TAX OF DKK 72
MILLION IN
Q1 2019
    * 2019 TOTAL BUSINESS VOLUME IS EXPECTED TO HAVE CAPACITY TO
GENERATE A PROFIT AFTER TAX OF AROUND DKK 225-275 MILLION
    * Q1 NET PROFIT DKK 72 MILLION VERSUS DKK 71 MILLION YEAR
AGO
    * Q1 LOAN LOSSES DKK 22 MILLION VERSUS DKK 41 MILLION YEAR
AGO
    * Q1 NET INTEREST INCOME DKK 125 MILLION VERSUS DKK 130
MILLION
YEAR AGO
    * SALE OF 75 PER CENT OF SPARINVEST HOLDINGS IS EXPECTED TO
RESULT
IN AN UPGRADE OF PROFIT GUIDANCE FOR 2019 TO A RANGE OF DKK
360-410 MILLION
    * PROFIT GUIDANCE IS NOT BEING UPGRADED YET, AS THERE IS
UNCERTAINTY WITH RESPECT TO CONDITIONS FOR COMPLETION OF SALE

Source text for Eikon:  ID:nGNE7TnJLQ 
Further company coverage:  VJBA.CO 

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