Skip to main content

Best year in the history of the Bank

Written by Customer Service on . Posted in Public Companies.

Nasdaq Copenhagen A/S               Skjern, 7 February 2024

Nikolaj Plads 6

1007 København K

Announcement 1/2024

Best year in the history of the Bank

  • Profit before tax increased by 80 % to of DKK 344.1 million compared with DKK 191.1 million in 2022
  • Equity yielded interest of 24.0 % before tax
  • Core earnings increased by 44 % to DKK 335.9 million, compared with DKK 233.6 million in 2022
  • Exchange rate adjustments of DKK 47.2 million compared with DKK -30.8 million in 2022
  • Net interest and fee income increased by 28.0 % to DKK 593.5 million
  • Impairment of DKK 27.6 million including increase in the management estimate of DKK 30 million to DKK 100 million
  • Lending increased by 23.1 % and amounts to DKK 6,726 million and deposits increased by 5.7 % and amount to DKK 8,284
  • Capital ratio of 22.8 % and individual solvency requirements of 10.1 %
  • Proposal of DKK 5 per share, corresponding to DKK 48 million or 18.7 % of profit after tax for the year
  • Profit before tax for 2024 is expected to be in the range of DKK 270 – 300 million

Kind regards

Skjern Bank

Hans Ladekjær Jeppesen               Per Munck

Chairman of the Board                  Director

Questions should be directed to Director Per Munck by phone at 21 73 30 04.

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.