vestjyskBANK's Quarterly Report Q1-Q3 2009
Profit before tax amounts to DKK 29m.
Core earnings before impairment amount to DKK 366m.
Positive market value adjustments amount to DKK 103m.
The impairment percentage equals 1.32 when converted to a yearly basis.
Contributions to Banking Package I total DKK 135m.
The Bank has few large commitments.
The solvency ratio equals 15.5 after the injection of hybrid core capital from
Banking Package II.
Expectations to core earnings for 2009 have been narrowed to DKK 500-525m before
impairment of loans and advances and the cost of Banking Packages. The
impairment percentage is expected to remain between 1.0 and 1.5 for the full
financial year.
vestjyskBANK
Frank Kristensen
Chief Executive Officer
