Ringkjobing Landbobank

RILBA

Equity

ISIN DK0060854669 / Valor 36852418

Nasdaq Copenhagen Equities (2024-12-23)

DKK 1,198.00+1.87%

Ringkjobing Landbobank
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About company

Ringkjøbing Landbobank A/S, established in 1886, is a Danish financial institution with a focus on credit line management and cost control. As of the end of 2023, the bank reported a balance sheet total of 73.5 billion DKK, a Tier 1 capital ratio of 18.9%, and a total capital ratio of 23.0%. The shareholders' equity stood at 10.4 billion DKK, with profits before tax reaching 2,837 million DKK and after-tax profits of 2,155 million DKK for the year. The bank's core earnings were reported at 2,864 million DKK, with a cost rate of 25.2%. Ringkjøbing Landbobank has a broad shareholder base, comprising 49,809 registered shareholders as of December 31, 2023. Among its major shareholders, Nordflint Capital Partners Fondsmæglerselskab A/S has been identified as holding more than 5% of the voting rights. The bank operates under the supervision of the Danish Financial Supervisory Authority and is headquartered in Ringkøbing, Denmark.

Summarized from source with an LLMView SourceSector: Finance

Core Earnings

In the first half of 2024, Ringkjobing Landbobank reported core earnings of DKK 1,543 million. This represents a significant increase from the DKK 1,325 million reported in the same period of 2023.

Net Profit

Ringkjobing Landbobank achieved a net profit of DKK 1,181 million in the first half of 2024. This net profit is equivalent to a 22% annualized return on equity, showcasing strong financial performance.

Core Income

The bank's total core income for the first half of 2024 was DKK 2,051 million, marking a 14% increase compared to the DKK 1,796 million recorded in the first half of 2023.

Cost Management

Total expenses and depreciation for Ringkjobing Landbobank in the first half of 2024 amounted to DKK 508 million. Despite an 8% increase in costs, the cost/income ratio decreased to 24.8%, indicating improved efficiency.

Impairment Charges

In the second quarter of 2024, Ringkjobing Landbobank carried impairment charges of DKK 1 million to income, reflecting strong credit quality. For the first half of 2024, the total account for impairment charges increased by DKK 39 million.

Summarized from source with an LLMView Source

Key figures

24.5%1Y

41.9%3Y

135%5Y

Performance

20.7%1Y

25.2%3Y

24.9%5Y

Volatility