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COPENHAGEN - Danish lender Ringkjøbing Landbobank delivered a net profit of DKK 1,753 million for the first three quarters of 2025, representing a 21% annualized return on equity, according to a press release issued Wednesday.
The bank reported core earnings of DKK 2,321 million for the period, with earnings per share increasing by 4% to DKK 71.2 compared to the same period last year.
Core income reached DKK 3,073 million, slightly higher than the corresponding period in 2024. Operating expenses rose by 4%, resulting in a cost-to-income ratio of 25.6%.
The financial institution reported positive credit quality metrics, with impairment charges of DKK 11 million carried to income in the third quarter. For the first nine months of 2025, impairment charges represented income totaling DKK 35 million.
Ringkjøbing Landbobank also reported customer growth, with loans increasing by 7% annually and deposits growing by 9% compared to the same period last year.
The quarterly report was approved by the bank’s board of directors and general management on October 22.
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