Suspension of full-year 2020 profit guidance of Vestjysk Banks A/S
As a result of developments in the COVID-19 situation in
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.
Please address any enquiries regarding the present announcement to Jan Ulsø Madsen, CEO, at tel. +45 96 93 21 04
Jan Ulsø Madsen
CEO
Torvet 4-5
7620 Lemvig
Phone +45 96 63 20 00
CVR no. 34631328
www.vestjyskbank.dk
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