Brief: Vestjysk Bank Q4 net profit up at 54 million crowns

Vestjysk Bank A/S

23/02/2017 08:09

Feb 23 (Reuters) - Vestjysk Bank A/S  VJBA.CO : 
    * Q4 net interest income 153 million Danish crowns ($22 
million)versus 168 million crowns year ago 
    * Q4 loan losses 90 million crowns versus 118 million crowns 
year ago 
    * Q4 net profit 54 million crowns versus 15 million crowns 
year ago 
    * 2016 profit after tax of 80 million crowns (2015: 49 
million crowns) 
    * In 2017 total business volume is expected to have capacity 
to generate core earnings before impairment at around 400 
million-450 million crowns 
    * Lower impairment losses are expected in 2017 
    * Expects that impairment losses can be absorbed by bank's 
core earnings, resulting in a significant improvement of its 
consolidation in 2017 
 
Source text for Eikon:  ID:nCSE6My7  
     
Further company coverage:  VJBA.CO  
 
($1 = 7.0421 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))