Third party research

Vestjysk Bank: NII drives higher pre-tax profit guidance - ABG

This is a third party research report and does not necessarily reflect our views or values

Previous pre-tax profit guidance interval of DKK 500m-600m...
... has been narrowed to be around DKK 600m for FY2022
Driven by the NII effect and in line with our latest estimates


Guiding for FY'22e pre-tax profit around DKK 600m

On Wednesday afternoon Vestjysk narrowed its previous guidance from DKK 500m-600m to around DKK 600m due to a high activity level in combination with the positive effect from increasing interest rates. This is largely in line with our latest estimates, as we estimated DKK 591m mainly driven by an expected NII growth of 21% q-o-q in Q4'22e.