Brief: Vestjysk Bank Q1 net profit down at DKK 11.5 million

Vestjysk Bank A/S

12/05/2016 07:39

May 12 (Reuters) - Vestjysk Bank A/S  VJBA.CO  
    * Q1 net interest income 146.1 million Danish crowns ($22.43 million) versus 151.5 million 
crowns year ago 
    * Q1 loan losses 93.5 million crowns versus 93.1 million crowns year ago 
    * Q1 net profit 11.5 million crowns versus 33.4 million crowns year ago 
    * Says total business volume is expected, to have capacity to generate core earnings before 
impairment at around 350 million - 400 million crowns in 2016 
    * Expects that impairment writedowns can be absorbed into bank's core earnings, resulting in 
a certain improvement of its consolidation in 2016 
 
     
Source text for Eikon:  ID:nCSE6kpv  
     
Further company coverage:  VJBA.CO  
 
($1 = 6.5146 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))