6 October 2010
Prepayment of subordinated loan capital
In 2005 vestjyskBANK obtained the following subordinated loans:
EUR 15m from HSH Nordbank AG, call option 31 October 2010
DKK 250m from Nykredit Bank A/S, call option 1 November 2010
Given the terms and conditions of the loan agreements, vestjyskBANK's Board of
Directors has decided to prepay the loans on the above mentioned dates.
In accordance with the terms and conditions of the loan agreements as well as
the Danish Financial Business Act, The Danish Financial Supervisory Authority
has authorised the prepayments.
As a result of the prepayments, the solvency ratio of vestjyskBANK will be
reduced by 1.3 percentage points.
In order to maintain the current solvency ratio, the Board of Directors has
decided to obtain new subordinated loan capital of DKK 300 - 500m.
Please refer any questions to Deputy Director Kaj Damgaard, phone + 45 96 63 21
42.
vestjyskBANK
Frank Kristensen
Chief Executive Officer
