Brief: Vestjysk Bank: Suspension Of Full-Year 2020 Profit Guidance

Vestjysk Bank A/S

25/03/2020 12:52

March 25 (Reuters) - Vestjysk Bank A/S  VJBA.CO :
    * REG-SUSPENSION OF FULL-YEAR 2020 PROFIT GUIDANCE OF
VESTJYSK
BANKS A/S
    * DECIDED TO TEMPORARILY SUSPEND ITS FULL-YEAR 2020 PROFIT
GUIDANCE
    * IT IS NOT POSSIBLE AT THIS TIME TO ASSESS ECONOMIC IMPACT
OF
VARIOUS GOVERNMENT MEASURES
    * CONSIDERS IT PROBABLE THAT BANK'S IMPAIRMENT OF LOANS,
ETC. WILL
BE HIGHER THAN ORIGINALLY FORECAST
    * VESTJYSK BANK'S INTERIM REPORT FOR Q1 WILL BE RELEASED ON
13
MAY. WE ARE POSTPONING OUR 2020 PROFIT GUIDANCE UNTIL THAT DATE
    * LEVEL OF IMPAIRMENT IS DIFFICULT TO QUANTIFY AT PRESENT.
    * CORE EARNINGS DEVELOPED AS PROJECTED IN FIRST TWO MONTHS
OF 2020
    * PROFIT GUIDANCE POSPONED UNTIL MAY 13

Source text for Eikon:  ID:nGNE25Yc7W 
Further company coverage:  VJBA.CO 

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