Ringkjøbing Landbobank is a customer-focused relationship bank which endeavours daily to act competently, responsively and properly towards our four principal stakeholders:
2022 was a challenging year. At the start of the year covid-19 was still in the picture. On 24 February, war broke out in Europe – something we thought was a thing of the past. Prices had already started to rise, and the price increases of energy and food in particular accelerated during the year, which meant that the inflation in Denmark, the USA and most of Europe reached a 40-year high in 2022. This forced both the European Central Bank and the US Federal Reserve to raise interest rates at an unheard-of speed and Danmarks Nationalbank followed suit. This of course impacted on the bank’s deposit and lending rates.
In times of challenge it is important to have a solid bank which is ready to back up its customers when they need it:
- In May, the rating agency Moody’s upgraded Ringkjøbing Landbobank’s Long Term Issuer Rating to Aa3 with stable outlook. This reflects that the bank is judged to have an earning capacity and credit profile which indicate that the bank will continue to meet current macroeconomic challenges. The bank’s Long Term Bank Deposit Rating was already Aa3 with stable outlook. No other Danish bank has a better rating at Moody’s
- In June Ringkjøbing Landbobank was awarded the accolade Bank of the Year among large and medium-sized banks for the seventh consecutive year. The prize is awarded by FinansWatch and EY
- Finally, for the second consecutive year, Ringkjøbing Landbobank had the best image of banks in Denmark in the Voxmeter survey in September. The Nordjyske Bank brand advanced one place and is now number three in the survey
Ringkjøbing Landbobank thus has the strength to support both individuals and businesses in challenging times.
The bank also made progress in the area of ESG. In July, MSCI upgraded the bank’s rating from BBB to A.