CEO John Fisker presents the annual report for 2023:

Annual report for 2023

War, interest rate increases, and a slowdown of the economy were issues that marked 2023. However, the bank’s customers have adapted in the most distinguished way, so the credit quality in the lending portfolio remains high. The bank’s growth combined with a higher interest rate level has thus ensured a strong net result of DKK 2,155 million, which ensures that we can continue to help our customers and continue growth.

Core earnings

(DKK million)
Total core income3,8282,8322,4332,1792,116
Total expenses and depreciation963891817788805
Core earnings before impairment charges for loans
Impairment charges for loans etc.-1-2-68-223-100
Core earnings
Result for the portfolio etc.-7-69+7-9+49
Special costs2020171515
Profit before tax2,8371,8801,5381,1441,245
Profit after tax

2023 - highlights

  • Net profit for the year is DKK 2,155 million, equivalent to a 22% return on equity
  • Earnings per share (EPS) - measured on core earnings and net profit for the year - increase by 50% and 48% respectively
  • Core income increases by 34% to DKK 3,828 million
  • Costs increase by 8%, and the cost/income ratio decreases to 25.2%
  • Strong credit quality results in impairment charges of only DKK 1 million and coincides with an increase in management estimates to DKK 950 million
  • Highly satisfactory increase in new customers and growth of 5% in loans, 8% in deposits and 11% in custody account holdings
  • The pay-out ratio increases from 65 to 84, achieved through dividend of DKK 10 and doubling of the share buyback programme to DKK 1,525 million
  • Positive expectations for 2024 with expected net profit for the year in the range DKK 1.8-2.2 billion.



Here are the accounts of Ringkjøbing Landbobank

 1st quarter reportInterim report1st-3rd quarter reportAnnual report
202326.0402.0825.10Annual report 2023 (pdf)
Annual report 2023 (xhtml)
Extract of annual report 2023
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