VESTJYSK BANK Vestjysk Bank Upgrades Its Guidance For 2021
13 Janvier 2022 - 3:07PM
UK Regulatory
TIDMVJBA
Vestjysk Bank specifies and upgrades its guidance for 2021. The
Bank raises its forecast for core earnings net of non-recurring
costs relating to the merger with Den Jyske Sparekasse from a
profit after tax of about DKK 650-700 million to DKK 725 million.
The expected overall profit including non-recurring items after tax
is raised from about DKK 950-1,050 million to DKK 1,080
million.
The upgrade is the result of a persistently high level of
business activity and non-recurring tax income recognised as a
deferred tax asset . The implementation of the merger is still
proceeding according to plan.
Vestjysk Bank A/S' annual report for 2021 is scheduled for
release on 10 February 2022.
For 2022 the Bank forecasts a profit before tax in the range of
DKK 600 - 650 million.
In connection with Vestjysk Bank's annual general meeting to be
held on 7 March 2022, the Board of Directors will propose that the
number of members elected by the shareholders be increased from 9
to 10. All current board members are recommended for re-election,
and Gert Jonassen is nominated for election as Deputy Chairman,
which means that the existing Deputy Chairman, Niels Fessel is
recommended for re-election as an ordinary member of the Board.
Please address any enquiries regarding the present announcement
to Jan Ulsø Madsen, CEO, at tel. (+45) 96 63 21 04.
Vestjysk Bank A/S
Kim Duus Jan Ulsø Madsen
Chairman CEO
Vestjysk Bank A/S
Industrivej Syd 13C
7400 Herning
Tel. (+45) 96 63 20 00
CVR no. 34 63 13 28
www.vestjyskbank.dk
Attachment
-- CV - Gert R. Jonassen
https://ml-eu.globenewswire.com/Resource/Download/00ea54b4-d1be-4285-a34c-17f966604d20
(END) Dow Jones Newswires
January 13, 2022 09:07 ET (14:07 GMT)
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