S&P affirms Jyske Bank's ratings and stable outlook. Per Skovhus candidate for the Supervisory Board. Transfer of employees to Bankdata.

11/8/2012 9:34 AM EST

Jyske Bank A/S
Company Announcement

S&P affirms Jyske Bank's ratings and stable outlook. Per Skovhus candidate for
the Supervisory Board. Transfer of employees to Bankdata.



Standard & Poor's affirms Jyske Bank's ratings and stable outlook

In its most recent credit rating of Jyske Bank, Standard & Poor’s emphasises
that, in respect of retail as well as corporate customers, Jyske Bank still
holds a strong position in the market. Likewise, Standard & Poor’s also has a
positive view of Jyske Bank’s capitalization, funding and liquidity profile. 

The ratings are A-/stable outlook/A-2.

Jyske Bank's aim is to operate in such a way that the ratings of the Bank can
be raised to a higher level. 



Per Skovhus is standing as a candidate for Jyske Bank’s Supervisory Board

Following the Danish Financial Supervisory Authority’s guidance for evaluation
of the knowledge and experience of supervisory boards of credit institutions,
Jyske Bank’s Supervisory Board considerations led to Per Skovhus standing as a
candidate for Jyske Bank’s Supervisory Board at the annual general meeting on
20 March 2013. 

Per Skovhus, 53, Master of Laws, resigned from Danske Bank’s Executive Board on
1 July 2012 after 33 years of employment. For almost six years he served as a
member of the Executive Board. 



Transfer of employees to Bankdata

With effect as of 1 November 2012, Jyske Bank transferred 181 employees to
Bankdata. This transfer is a consequence of the conversion of Jyske Bank's IT
systems to Bankdata. The number of full-time employees of the Jyske Bank Group
is now 3,583.