Dividend Policy

vestjyskBANK's dividend policy is determined based on the bank's long-term solvency goals. The Board assesses the need to repurchase shares on a yearly basis, taking into account the annual result, the need for continued growth, as well as the development of the share. The dividend percentage is then determined, based on a combination of solvency goals and repurchase strategy.

Under the Guarantee Scheme, which was established under the "Act on financial stability" - the so-called banking package I - Participants in the scheme have pledged not to pay dividends during the warranty period. The Bank has agreed to the Guarantee Scheme and is therefore unable to pay dividends for the financial years 2008 and 2009.