Ringkjøbing Landbobank’s quarterly report for the first three quarters of 2019

Nasdaq Copenhagen
London Stock Exchange
Other stakeholders
23 October 2019Ringkjøbing Landbobank’s quarterly report for the first three quarters of 2019High level of activity and increase in customer numbers positively affect profit.A 6% increase in core income and an 8% fall in total expenses represent highly satisfactory financial results. Profit before tax increases by 28% to DKK 960 million.Core earnings – pro forma
Highlights of the first three quarters of 2019
The financial statements show an increase of 6% in core income to DKK 1,586 millionExpenses are down by 8% to DKK 593 million with a 37.4% rate of costsCore earnings are DKK 918 million after impairment charges of DKK 75 millionThe return on equity before tax is 17.5% per annumContinued big net increase in customers and 8% growth in loans to DKK 34.8 billionThe entire organisation is very busy with refinancing of mortgages and the influx of new customersThe target for the MREL capital ratio has been increased to 25%Tier 2 capital and non-preferred senior capital totalling DKK 1.1 billion was issued in the third quarter and the MREL capital ratio stood at 27.6% at the end of the quarterUpward adjustment of expectations for profit before tax to the range of DKK 1,125-1,275 million
Yours sincerely
Ringkjøbing Landbobank
John Fisker
AttachmentQ3 rapport – UK

Disclaimer & Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.