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Vestjysk Bank raises 2019 profit guidance again

Vestjysk Bank A/S raised its 2019 after-tax profit guidance for the third time, based on continued positive performance of the bank in the fourth quarter of 2019.

The Danish bank now expects its full-year 2019 after-tax profit to be between 470 million kroner to 480 million kroner, up from the previous range of 420 million kroner to 460 million kroner. The bank initially raised its profit guidance in June 2019.

The bank's activities with positive performance include strong remortgaging activity in the mortgage credit area and fewer impairment losses on agriculture than expected.

Vestjysk Bank's 2019 financial report is set to be released Feb. 20.