# vestjyskBANK

vestjyskBANK is a Bank / Wealth / Trust based in Varde, Denmark.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Varde, Denmark
- **Region:** Europe
- **Address:** Varde, Denmark
- **Founded:** 1874
- **Assets under management:** Undisclosed
- **Website:** vestjyskbank.dk
- **LinkedIn:** https://www.linkedin.com/company/vestjyskbank

## Regulatory record

- **Reports private funds:** No

## About

vestjyskBANK is a Danish bank with approximately $6.7 billion in assets, managing 1 fund. It operates primarily in Europe.

## Sectors

- Real Estate
- Private Credit
- Financial Services

## People

- Jan Ulsø Madsen — CEO

## Questions

### Who runs investment and lending decisions at vestjyskBANK?

CEO Jan Ulsø Madsen has led the bank since 2015 and oversees the executive committee responsible for credit allocation. Lending decisions are made locally by branch directors for smaller exposures, while larger corporate and real estate commitments are escalated to regional credit committees. The board of directors, chaired by Kim Duus, sets the overall risk appetite.

### How does vestjyskBANK generate its revenue?

Net interest income from mortgage and corporate lending is the bank's primary revenue driver. Fee income from wealth management, leasing, and guarantee commissions provides diversification. The bank does not run a large proprietary trading book, keeping its risk profile aligned with customer-driven transaction flows.

### What is vestjyskBANK's real estate exposure?

The bank maintains a meaningful loan allocation to commercial and residential real estate in western Denmark, including projects in Esbjerg and Varde. Unlike national lenders with diversified pan-European property books, vestjyskBANK's real estate risk is geographically concentrated in Jutland, making local underwriting expertise essential.

### Does vestjyskBANK have exposure to European Investment Fund programs?

Yes. In October 2023, vestjyskBANK participated in a guaranteed loan program backed by the European Investment Fund aimed at improving SME credit access in Denmark (per EIF, 2023). This aligns with the bank's historical focus on small-business lending in its regional markets.

## Related profiles

- [Vestia Personal Wealth Advisors](https://altss.com/profile/vestia-personal-wealth-advisors)
- [Vestment Financial](https://altss.com/profile/vestment-financial)

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Last updated: 2026-06-03T20:00:00.000Z

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