Brief: Vestjysk Bank Q4 Net Interest Income Falls To DKK 131 Million

Vestjysk Bank A/S

20/02/2020 07:25

Feb 20 (Reuters) - Vestjysk Bank A/S  VJBA.CO :
    * REG-VESTJYSK BANK'S 2019 ANNUAL REPORT
    * VESTJYSK BANK A/S - EXPECTS 2020 PROFIT AFTER TAX OF
AROUND DKK
250-300 MILLION.
    * VESTJYSK BANK A/S - EXPECTS A 2020 PROFIT AFTER TAX OF
AROUND
DKK 250-300 MILLION.
    * VESTJYSK BANK A/S - CURRENTLY, HOWEVER, THERE IS SOME
UNCERTAINTY AS TO GLOBAL ECONOMIC OUTLOOK AND, IN PARTICULAR,
SETTLEMENT PRICE TREND FOR AGRICULTURAL PRODUCTS
    * VESTJYSK BANK A/S - A SIGNIFICANT DECLINE IN THESE COULD
IMPACT
BANK'S IMPAIRMENT LOSSES.
    * VESTJYSK BANK A/S - IS INTRODUCING NEGATIVE DEPOSIT RATES
FOR
RETAIL CUSTOMERS FOR PENSION SAVINGS IN EXCESS OF DKK 10,000
EFFECTIVE FROM 15 FEBRUARY 2020 AND FOR DEPOSITS IN EXCESS OF
DKK 500,000 EFFECTIVE FROM 15 MARCH 2020.
    * VESTJYSK BANK A/S - EFFECTS OF THIS HAVE BEEN FACTORED
INTO
OUTLOOK FOR 2020, AND BANK IS CLOSELY MONITORING SECTOR
DEVELOPMENTS IN THIS RESPECT.
    * VESTJYSK BANK A/S - REALISED A PROFIT AFTER TAX OF DKK 478
MILLION IN 2019
    * VESTJYSK BANK A/S - PROFIT WAS FAVOURABLY AFFECTED BY SALE
OF
BANK'S SHARES IN SPARINVEST HOLDINGS SE
    * VESTJYSK BANK A/S Q4 NET INTEREST INCOME DKK 131 MILLION
VERSUS
DKK 143 MILLION YEAR AGO
    * VESTJYSK BANK A/S Q4 NET PROFIT DKK  81 MILLION VERSUS DKK
130
MILLION YEAR AGO
    * VESTJYSK BANK A/S Q4 LOAN LOSSES DKK 20 MILLION VERSUS DKK
52
MILLION YEAR AGO

Source text for Eikon:  ID:nGNEb4Rg9D 
Further company coverage:  VJBA.CO 

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