Quarterly report for the first quarter of 2024

The bank delivers core earnings of DKK 793 million and net profit of DKK 616 million in the first quarter of the year. The net profit is equivalent to a 24% p.a. return on equity.

Core earnings

(DKK million)
Q1 2024Q1 20232023 20222021
Total core income1,0408493,8282,8622,4332,179
Total expenses and depreciation247227963891817788
Core earnings before impairment charges for loans
Impairment charges for loans etc.0-1-1-2-68-223
Core earnings
Result for portfolio etc.+23-21-7-69+7-9
Amortisation and write-downs on intangible assets5520201715
Net profit

Highlights of the first quarter of 2024

  • The net profit is DKK 616 million, equivalent to a 24% p.a. return on equity
  • Earnings per share – measured on net profit – increase by 40%
  • Core income increases by 22% to DKK 1,040 million
  • Costs increase by 8%, and the cost/income ratio decreases to 23.7%
  • Credit quality remains high and impairment charges are DKK 0 million 
  • Highly satisfactory increase in customer numbers and growth of 5% in loans, 8% in deposits and 15% in custody account holdings
  • The bank’s brands are again ranked at the top of Voxmeter’s image survey
  • The expected results for 2024 are maintained



Here are the accounts of Ringkjøbing Landbobank

 1st quarter reportInterim report1st-3rd quarter reportAnnual report
2024Q1 2024 (pdf)
Q1 2024 (xhtml)
202326.0402.0825.10Annual report 2023 (pdf)
Annual report 2023, official (xhtml)
Extract of annual report 2023
202227.0403.0826.10Annual report 2022 (pdf)
Annual report 2022, official (xhtml)
Extract of annual report 2022
202128.0404.0827.10Annual report 2021 (pdf)
Annual report 2021, official (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