Brief: Vestjysk Bank comments on new Tier 1 capital requirement as of Jan 1, 2017

Vestjysk Bank A/S

30/12/2016 07:56

Dec 30 (Reuters) - Vestjysk Bank A/S  VJBA.CO : 
    * 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 
 
     
Source text for Eikon:  ID:nCSE6HSN  
     
Further company coverage:  VJBA.CO  
 
($1 = 7.0737 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))