Individual Solvency Need as at 30 June 2010
In accordance with legislation, the Board of Directors and the Executive Management
must ascertain vestjysk BANK's individual solvency need.
As at 30 June 2010, vestjysk BANK has calculated its solvency excess coverage as 4.6 percentage points on the basis of a solvency need of 9.3% and an actual solvency ratio of 13.9. The solvency excess coverage is regarded as being highly satisfactory.
A description of the model, process and method, etc. used for calculation of vestjysk BANK's individual solvency need is given here.
Previous statements of the individual solvency need
Apart from vestjysk BANK's Risk Reports, which show statements of the bank's individual solvency need at end of year, you can view previously published statements of the bank's individual solvency need vestjyskBANK's Individual Solvency Need as at June 2010
Core earnings improved in Q2
vestjysk BANK maintains expectations for 2010 based on sound growth in core earnings in Q2. However, increasing impairment in selected industries affects profit before tax negatively.
vestjyskBANK Half-year Report 2010
Welcome to vestjyskBANK
vestjyskBANK is a full-service bank, which, through competent specialists and a well-developed structure of 24 branches, advises both retail and corporate customers within a number of business areas.
Welcome to vestjyskBANK
Head Office
- Torvet 4-5
- 7620 Lemvig
- SWIFT VEHODK22
- Phone +45 96 63 20 00
- Monday-Friday
- 10.00-16.00
- Thursday
- 10.00-17.00