Report for the first three quarters of 2023

The bank delivers core earnings of DKK 2,078 million and net profit of DKK 1,541 million for the first three quarters of the year. The net profit is equivalent to a 21% p.a. return on equity.

Core earnings

(DKK million)
Q1-Q3 2023Q1-Q3 202220222021
Total core income2,7852,0622,8322,4332,1792,116
Total expenses and depreciation708654891817788805
Core earnings before impairment charges for loans
Impairment charges for loans etc.-1-2-2-68-223-100
Core earnings
Result for the portfolio etc.-36-80-69+7-949
Amortisation and write-downs on intangible assets151520171515
Net profit

Highlights of the first three quarters of 2023

  • The net profit is DKK 1,541 million, equivalent to a 21% p.a. return on equity
  • Core income increases by 35% to DKK 2,785 million
  • Costs increase by 8%, and the cost/income ratio decreases to 25.4%
  • Credit quality remains high, resulting in impairment charges of only DKK 1 million
  • Continued highly satisfactory increase in customer numbers despite a marginal decrease in loans in the third quarter of 2023
  • 10% increase in deposits and 3% increase in loans compared to the end of September 2022
  • The bank’s brands remain highly ranked in the annual Voxmeter Image survey where the Ringkjøbing Landbobank brand takes first place.
  • The upwardly adjusted expectations of results for 2023 are maintained

Quarterly report Q1-Q3 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