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COPENHAGEN - Ringkjøbing Landbobank, a financial institution listed on Nasdaq Copenhagen, maintained a steady net profit in the first quarter of 2025, matching the previous year’s DKK 616 million, the bank announced today. This result translates to a 22% per annum return on equity.
In the first quarter, the bank saw core earnings rise to DKK 812 million, with core income increasing by 2% to DKK 1,056 million compared to the same period last year. Despite this growth, total expenses and depreciation went up by 5%, resulting in a cost/income ratio of 24.5%.
The bank also reported a positive credit quality, with impairment charges for loans etc. contributing DKK 24 million to income. A notable increase in customer numbers was observed, along with a 10% growth in loans and an 8% increase in deposits.
Earnings per share showed a 5% increase, reaching DKK 24.5. The company’s brand continued to hold the top position in the annual Voxmeter image survey, reflecting its strong market presence.
Furthermore, Ringkjøbing Landbobank has decided to initiate a new share buyback program valued at DKK 1 billion. The bank’s forecast for the net profit for the entire year of 2025 remains unchanged, expected to be within DKK 1.8 to 2.2 billion.
This financial update is based on a press release statement from Ringkjøbing Landbobank. The bank’s performance indicates stability in its operations, with consistent net profit and a solid return on equity. The growth in customer base and loan and deposit volumes signifies the bank’s expanding influence in the market. The announcement of the share buyback program may also be of interest to current and potential investors.
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