February 23, 2017 / 8:17 AM / 6 months ago

BRIEF-Vestjysk Bank Q4 net profit up at 54 million crowns

Feb 23 (Reuters) - Vestjysk Bank A/S:

* Q4 net interest income 153 million Danish crowns ($22 million)versus 168 million crowns year ago

* Q4 loan losses 90 million crowns versus 118 million crowns year ago

* Q4 net profit 54 million crowns versus 15 million crowns year ago

* 2016 profit after tax of 80 million crowns (2015: 49 million crowns)

* In 2017 total business volume is expected to have capacity to generate core earnings before impairment at around 400 million-450 million crowns

* Lower impairment losses are expected in 2017

* Expects that impairment losses can be absorbed by bank's core earnings, resulting in a significant improvement of its consolidation in 2017 Source text for Eikon:

Further company coverage: ($1 = 7.0421 Danish crowns) (Gdynia Newsroom)

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