Jyske Bank A/S
Jyske Bank acquires parts of Fjordbank Mors

Jyske Bank A/S 

30.09.2011 08:40

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Jyske Bank has signed an agreement with Finansiel Stabilitet about the
acquisition of the most essential parts of Fjordbank Mors af 2011. 

Jyske Bank takes over all customers with exposure below DKK 5m and selected
customers with exposure above DKK 5m who have a natural affiliation to the
island of Mors and environs. In addition, Jyske Bank takes over the property at
Algade 2, Nykøbing Mors and approx. 35 employees. 

Jyske Bank takes over a customer portfolio consisting of approx. 47,000
customers with total loans and advances of approx. DKK 2.7bn and total deposits
of approx. DKK 3.7bn. 

Through the acquisition, Jyske Bank achieves a solid market position on Mors.
The acquired activities will be merged with Jyske Bank's existing branch in
Nykøbing Mors, and after the merger, customers at Jyske Bank, Nykøbing Mors
will be served from Algade 2. 

The acquisition is subject to the approval of the Danish FSA and other relevant
authorities. 

Jørgen Christensen, Managing Director:

'We look forward to welcoming former Fjordbank Mors customers to Jyske Bank.

For 34 years, Jyske Bank has been represented in Nykøbing Mors, and today's
acquisition is a signal that Jyske Bank continues to see potential in this
local area. We intend to be a strong and visible local bank and wish to have
close and long-term relations to the customers in the area.' 



Further information

Please direct any questions concerning this announcement to Jørgen Christensen,
Managing Director, tel. +45 89 89 20 04.
News Source: NASDAQ OMX



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Language:     English
Company:      Jyske Bank A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010307958
WKN:          
 
End of Announcement                             DGAP News-Service
 
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