Interim report for the first half of 2023

The bank delivers core earnings of DKK 1,324 million and net profit of DKK 980 million in the first half of 2023. The net profit is equivalent to a 21% p.a. return on equity.

Core earnings

(DKK million)
H1 2023H1 202220222021
Total core income1,7961,3582,8322,4332,1792,116
Total expenses and depreciation471436891817788805
Core earnings before impairment charges for loans
Impairment charges for loans etc.-1-2-2-68-223-100
Core earnings
Result for the portfolio etc.-28-19-69+7-949
Amortisation and write-downs on intangible assets101020171515
Net profit

Highlights of the first half of 2023

  • The net profit is DKK 980 million, equivalent to a 21% p.a. return on equity
  • Core income increases by 32% to DKK 1,796 million
  • Costs increase by 8%, and the cost/income ratio decreases to 26.2% 
  • Credit quality remains high, resulting in impairment charges of only DKK 1 million 
  • The bank continues to experience a highly satisfactory increase in customer numbers, which is underlined by increases in deposits and loans of 10% and 7% respectively compared to the end of June 2022
  • A new DKK 385 million share buy-back programme will be initiated on 3 August 2023
  • MSCI upgrades the bank’s ESG rating to AA
  • The upwardly adjusted expectations for results for 2023 are maintained but specified to be at the upper end of the announced ranges

Interim report H1 2023      Annual report 2022 


Here are the accounts of Ringkjøbing Landbobank

 1st quarter reportInterim report1st-3rd quarter reportAnnual report
202227.0403.0826.10Annual report 2022 (pdf)
Annual report 2022 (xhtml)
Extract of annual report 2022
202128.0404.0827.10Annual report 2021 (pdf)
Annual report 2021 (xhtml)
Extract of annual report 2021
202029.0405.0828.10Annual report 2020
201901.0507.0823.10Annual report 2019
201810.0415.0814.11Annual report 2018
Annual accounts 2018
201726.0402.0825.10Annual report 2017
Annual accounts 2017
201620.0403.0826.10Annual report 2016
Annual accounts 2016
201522.0405.0821.10Annual report 2015
Annual accounts 2015
201423.0406.0822.10Annual report 2014
Annual accounts 2014
201324.0407.0823.10Annual report 2013
Annual accounts 2013
201225.0408.0824.10Annual report 2012
Annual accounts 2012
201127.0403.0826.10Annual report 2011
Annual accounts 2011
201021.0411.0827.10Annual report 2010
Annual accounts 2010

See all annual reports here