31 March 2011
Prepayment of subordinated loan capital
In 2008 vestjyskBANK obtained the following subordinated loan:
DKK 25 million from Spar Fyn Invest II A/S with an option of prepayment on 3 March 2011
Given the terms and conditions of the loan agreement, vestjyskBANK’s Supervisory Board has decided to prepay the loan on 1 April 2011. The prepayment has been authorised in advance by The Danish Financial Supervisory Authority in accordance with the terms and conditions of the loan agreement and the Danish Financial Business Act.
As a consequence of the prepayment vestjyskBANK's solvency ratio will decrease by 0.09 percentage points. It is still the Bank's intention to raise new subordinated loan capital of DKK 300-500 million.
Any questions regarding this announcement may be addressed to Deputy Director Kaj Damgaard, tel. +45 96 63 21 42.
vestjyskBANK
Frank Kristensen
Chief Executive Officer
