Vestjysk Bank A/S
Quarterly report

vestjyskBANK's Quarterly Report for Q1 2013

The Danish Financial Supervisory Authority
NASDAQ OMX Copenhagen
London Stock Exchange
Oslo Børs

1 May 2013

vestjyskBANK's Quarterly Report for Q1 2013

Summary of vestjyskBANK's results for Q1 2013:

-- Results before tax at DKK 35 million (Q1 2012: DKK 14 million)
-- Core income of DKK 336 million (Q1 2012: DKK 283 million)
-- Rate of cost at 47.8% (Q1 2012: 57.8%)
-- Core earnings before impairments at DKK 175 million (Q1 2012: DKK 120
million)
-- Impairments of loans and receivables, etc. at DKK 140 million (Q1 2012: DKK
106 million)
-- Targeted efforts to narrow deposit-lending gap. At 31 March 2013, the
deposit deficit stood at DKK 2.7 billion (31 March 2012: DKK 6.0 billion).
-- Solvency ratio at 12.1%; core capital ratio at 6.0% and individual
solvency need at 10.0% corresponding to a surplus at DKK 493 million
-- Liquidity cover ratio at 101.0% as of 31 March...