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COPENHAGEN - Danish lender Ringkjøbing Landbobank delivered net profit of DKK 1,191 million in the first half of 2025, representing a 21% annualized return on equity, according to a press release issued Wednesday.
The bank’s core earnings reached DKK 1,580 million for the period, while earnings per share increased by 6% to DKK 47.9 compared to the same period last year.
Total (EPA:TTEF) core income grew by 2% to DKK 2,090 million, while expenses rose by 5%, resulting in a cost/income ratio of 25.6%. The bank reported that DKK 24 million in loan impairment charges were carried to income during the half-year, with zero impairment charges recorded in the second quarter.
Ringkjøbing Landbobank experienced growth in both loans and deposits, with increases of 9% and 8% respectively, alongside what it described as a "highly satisfactory increase in customer numbers."
The financial institution also noted that it received the Financial Institution of the Year award for the tenth consecutive year during the second quarter of 2025.
Based on these results, the bank has upwardly adjusted its expectations for 2025 net profit to between DKK 2.0 billion and DKK 2.35 billion.
The report was approved by the bank’s board of directors and general management on August 6, 2025.
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