vestjyskBANK endorses the new government guarantee scheme


vestjyskBANK endorses the new government guarantee scheme                       

The Danish government has issued a two-year guarantee for all deposits with and 
unsecured claims against Danish financial institutions.                         

vestjyskBANK (incl. Bonusbanken) has today decided to endorse the new guarantee 
scheme, which is administered by the Danish banking sector's contingency        
association Det Private Beredskab.                                              

As a consequence of the endorsement of the scheme, vestjyskBANK's net interest  
income over the next two years will be negatively impacted by DKK 75-85m p.a.   
from today's date. Also, additional expenses may be incurred, in case a claim   
for payment of deductible and guarantee commission is made, cf. the conditions  
of the scheme.                                                                  

In 2008 vestjyskBANK's participation in the scheme is expected to affect the    
Bank's profit before tax negatively by approximately DKK 20m.                   

In line with the intentions of the new scheme vestjyskBANK's Board of Directors 
has decided that no dividends will be distributed over the next two years.      







vestjyskBANK                                                                    


Frank Kristensen                                                                
Managing Director

Attachments

statsgarantiordning uk.pdf