Vestjysk Bank A/S provided earnings guidance for the second half and full year of 2012. For the full year of 2012, the company expects net interest income to be DKK 900 million, profit before extraordinary depreciations to be DKK 37 million, and loss before tax to be DKK 771 million.

For the second half of 2012, the company expects net interest income to be DKK 458 million, profit before extraordinary depreciations to be DKK 21 million, and loss before tax to be DKK 787 million.

The company announced that Frank Kristensen, chief executive officer has resigned with immediate effect. The company also announced the Resignation of Flemming Gade Nielsen, deputy director, who has been responsible for the bank's credit department for several years. In continuation of these resignations, the supervisory board has appointed following executives: Vagn Thorsager is appointed as CEO. In most recent years, Vagn has been the Scandinavian head of global Coface group, until March 1, 2011 when Vagn joined Aarhus Lokalbank A/S as its CEO; Jens Møller, CEO, is appointed as deputy director; and Michael N. Petersen, Head of Staff, is appointed as executive officer and joins the board.