TIDMVJBA 
 
   The Danish Financial Supervisory Authority 
 
   Nasdaq Copenhagen A/S 
 
 
 
 
 
   25 March 2020 
 
 
 
 
 
   Suspension of full-year 2020 profit guidance of Vestjysk Banks A/S 
 
   As a result of developments in the COVID-19 situation in Denmark and 
abroad, Vestjysk Bank has decided to temporarily suspend its full-year 
2020 profit guidance. 
 
   It is not possible at this time to assess the economic impact of the 
various government measures that are being implemented in an effort to 
contain the spread of the virus, and it is consequently not possible to 
assess what impact this will have on the Bank, either. We consider it 
probable that the Bank's impairment of loans, etc. will be higher than 
originally forecast, but the level of such impairment is difficult to 
quantify at present. 
 
   The Bank's total capital and liquidity remain solid, with significant 
excess coverage relative to the regulatory requirements. This means that 
we are in a position to offer our customers support at this difficult 
time. 
 
   The Bank's core earnings developed as projected in the first two months 
of 2020. 
 
   Vestjysk Bank's interim report for the first quarter will be released on 
13 May. We are postponing our 2020 profit guidance until that date. 
 
   Please address any enquiries regarding the present announcement to Jan 
Ulsø Madsen, CEO, at tel. +45 96 93 21 04 
 
 
 
   Vestjysk Bank A/S 
 
 
 
 
 
   Jan Ulsø Madsen 
 
   CEO 
 
 
 
 
 
 
 
   Vestjysk Bank A/S 
 
   Torvet 4-5 
 
   7620 Lemvig 
 
   Denmark 
 
   Phone +45 96 63 20 00 
 
 
 
   CVR no. 34631328 
 
   www.vestjyskbank.dk 
 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

March 25, 2020 08:50 ET (12:50 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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