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Vestjysk Bank upgrades its guidance for 2021. The Bank raises its forecast for core earnings net of non-recurring items relating to the merger with Den Jyske Sparekasse to a profit after tax in the DKK 650--700 million range from previously DKK 575 - 625 million. The expected overall profit including non-recurring items after tax is raised from about DKK 900--1,000 million to DKK 950 -- 1,050 million.

The upgrade is the result of a persistently high level of business activity and lower-than-expected impairment charges. Implementation of the merger continues as planed and as communicated earlier.

Vestjysk Bank expects to announce its 3. quarter resulte on November 18, 2021

Enquiries

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

(END) Dow Jones Newswires

October 12, 2021 05:50 ET (09:50 GMT)

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