Brief: Vestjysk Bank 2015 core income down at DKK 989 million

Vestjysk Bank A/S

25/02/2016 07:17

Feb 25 (Reuters) - Vestjysk Bank A/S  VJBA.CO : 
    * 2015 profit after tax of 49 million Danish crowns ($7.24 million) versus loss of 188 
million crowns year ago 
    * 2015 core income of 989 million crowns (2014: 1.06 billion crowns) 
    * 2015 loan losses 370 million crowns versus 683 million crowns year ago 
    * Total capital ratio stood at 12.5 percent and individual solvency need at 10.7 percent, 
up 1.8 percentage points or 307 million crowns at Dec. 31, 2015 
    * Sees 2016 core earnings of 350 million - 400 million, in line with the announced for 2015 
    * Expects continued reduction of total impairment charges 
    * Expects a certain improvement of bank's consolidation in 2016, assuming that the economic 
climate in general remains stable 
 
     
Source text for Eikon:  urn:newsml:reuters.com:*:nCSE6c0z 
     
Further company coverage:  VJBA.CO  
 
($1 = 6.7683 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))