Quarterly report Q1


vestjyskBANK's Quarterly Report for Q1 2009                                     


Profit before tax amounts to DKK 13m.                                           
Core earnings before impairment amount to DKK 103m.                             
The Bank has few large commitments.                                             
Contributions to sector assignments total DKK 31m.                              
Negative market value adjustments amount to DKK 13m.                            
Excess coverage in compliance with statutory liquidity requirements is          
calculated at 173%.                                                             

Impairment percentage equals 0.78 when converted to a yearly basis.             
The gap between the Bank's loans and advances and the Bank's deposits has       
narrowed by DKK 2.4bn since the end of 2008.                                    

As stated in the Annual Report for 2008 vestjyskBANK intends to endorse Banking 
Package II. It is expected that DKK 1.6bn will be injected in the form of hybrid
core capital.                                                                   

Expectations to core earnings for 2009 before impairment and expenses relating  
to banking packages are maintained at DKK 500-550m.                             



vestjyskBANK                                                                    


Frank Kristensen                                                                
Chief Executive Officer

Attachments

quarterly_report_ q1_2009.pdf