Brief: Vestjysk Bank Q3 net result swings to profit of DKK 15.5 mln

Vestjysk Bank A/S

23/11/2016 07:35

Nov 23 (Reuters) - Vestjysk Bank A/S  VJBA.CO : 
    * Q3 net interest income 147.2 million Danish crowns ($21 
million) versus 159.6 million crowns year ago 
    * Q3 loan losses 110.4 million versus dkk 81.5 million year 
ago 
    * Q3 net profit 15.5 million crowns versus loss 10.4 million 
crowns year ago  
    * Expects adjusted core earnings before impairment of 400 
million to 450 million crowns, against previously stated core 
earnings before impairment at upper end of 350 million- 400 
million crowns 
    * Expects that impairment writedowns can be absorbed into 
bank's core earnings, leading to a result at same level as 2015 
    * Says profit after impairment charges is considered 
unsatisfactory. 
 
     
Source text for Eikon:  ID:nCSE6Fbq  
     
Further company coverage:  VJBA.CO  
 
($1 = 6.9962 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))