Quarterly report Q1 2023

The bank delivers core earnings of DKK 621 million and net profit of DKK 455 million in the first quarter of the year. The net profit is equivalent to a 20% p.a. return on equity.

Core earnings

(DKK million)
Q1 2023Q1 202220222021
Total core income8496742,8322,4332,1792,116
Total expenses and depreciation227210891817788805
Core earnings before impairment charges for loans
Impairment charges for loans etc.-1-1-2-68-223-100
Core earnings
Result for the portfolio etc.-21-9-69+7-949
Amortisation and write-downs on intangible assets5520171515
Net profit

Highlights of the first quarter of 2023

  • The profit after tax is DKK 455 million, equivalent to a 20% p.a. return on equity
  • Core income increases by 26% to DKK 849 million
  • Costs increase by 8%, and the cost/income ratio decreases to 26.7%
  • Credit quality remains high, resulting in impairment charges of DKK 1 million in the quarter, which coincide with a DKK 54 million increase in management estimates
  • Continued highly satisfactory increase in customer numbers, which is underlined by increases in deposits and loans of 15% and 13% respectively compared to the end of March 2022
  • The bank’s brands are both placed at the top in Voxmeter’s Image survey
  • The upwardly adjusted expected results for 2023 are maintained

Quarterly report Q1 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