Brief: Vestjysk Bank Q4 Pre-Tax Profit Up At DKK 472 Mln

Vestjysk Bank A/S

06/02/2024 08:52

Feb 6 (Reuters) - Vestjysk Bank A/S  VJBA.CO :
    * EXPECTS PROFIT BEFORE TAX IN 2024 IN RANGE OF DKK
1,000-1,200
MILLION
    * FALLING EARNINGS IN 2024 AS RESULT OF LOWER RETURNS ON
BOND
PORTFOLIO, NORMALISED WRITE-DOWNS AND FALLING INTEREST RATE
LEVEL
    * Q4 PRE-TAX PROFIT DKK 472 MILLION VERSUS DKK 273 MILLION
YEAR
AGO
    * Q4 CORE EARNINGS BEFORE WRITE-DOWNS DKK 377 MILLION VERSUS
DKK
247 MILLION YEAR AGO
    * FY ROE IS 21.4% P.A. BEFORE TAX (10.7% IN 2022)


Further company coverage:  VJBA.CO 

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