Vestjysk Bank A/S
vestjyskBANK’s financial results for the first half of 2011

Vestjysk Bank A/S 

11.08.2011 08:30
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 The Danish Financial Supervisory Authority,

NASDAQ OMX Copenhagen,

London Stock Exchange,

Oslo Børs



                                                                               
                                                    11 August 2011 

vestjyskBANK's financial results for the first half of 2011



  -- Fourth consecutive profitable quarter
  -- Core earnings before impairment on loans improved by DKK 7m compared with
     the first half of 2010
  -- DKK 73m profit before extraordinary contribution to the Guarantee Fund for
     Depositors

  -- Pre-tax profit of DKK 21m and profit after tax of DKK 14m 
  -- Net interest and fee revenue increased by 3 per cent in compared with the
     first half of 2010
  -- Costs on level with the first half of 2010
  -- Impairment of loans and guarantees amounted to DKK 157m, compared with DKK
     214m in the first half of 2010
  -- Solvency ratio of 13.9
  -- Solvency requirement ratio of 9.8
  -- Expectations for this year's core earnings before impairments remain at DKK
     500m
  -- Initiated activities in order to strengthen liquidity and secure the
     long-term funding
  -- Expectations for this year's impairment ratio for the year remain at around
     1 per cent; but there is uncertainty in light of the general economic
     climate



veststjyskBANK



Frank Kristensen

Chief Executive Officer
News Source: NASDAQ OMX



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Language:     English
Company:      Vestjysk Bank A/S
              
               
              Norway
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         NO0010331499
WKN:          
 
End of Announcement                             DGAP News-Service
 
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