Ringkjobing Landbobank

RILBA

Equity

ISIN DK0060854669 / Valor 36852418

Nasdaq Copenhagen Equities (2026-07-02)

DKK 1,597.00+1.91%

Ringkjobing Landbobank
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

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

Headline result (FY 2024)

Net profit DKK 2,301 million (+7% vs 2023); return on equity 21%; EPS ~DKK 90.3 per share (+12%). Core income DKK 4,068m (+6%).

Q4 2024 snapshot

Q4 core income ~DKK 1,001m, Q4 total expenses ~DKK 283m and Q4 net profit ~DKK 531m (quarterly table figures reported in the annual report).

Business volumes and growth

Loans up ~9.7% to DKK 55,837m; deposits (incl. pooled schemes) up ~7.6% to DKK 56,652m; customer custody assets up ~9% (custody holdings DKK 93,026m). Management highlights successful organic growth across 2024.

Income mix and margins

Net interest income DKK ~2,702m (up modestly year-on-year); fee & commission and other non‑interest income rose (total core income +6%). Bank notes pressure on lending margin but volume growth mitigated the impact.

Costs and efficiency

Total expenses and depreciation DKK 1,044m (+8% y/y) reflecting higher staff and IT costs; cost/income ratio ~25.7% (reported 25.7%), kept at a low level versus peers.

Credit quality and impairments

Very low net impairment charges: reported income of DKK 3m for the year (around zero for the last 12 quarters). Stage 3 impairments reduced to DKK 734m (31% of total provisioning vs 37% a year earlier). Management judges overall credit quality to remain high, while noting some pressures in neighbouring economies and selected sectors.

Capital, liquidity and risk metrics

Common Equity Tier 1 ratio 16.6% (down vs 18.9% a year earlier); total capital ratio 19.8%; MREL 28.8%. Reported year‑end NSFR 119% and LCR reported at 17% (per the bank’s disclosed figures).

Shareholder returns and guidance

Board proposes raising dividend to DKK 11 per share and continuing a DKK 500m share buyback. Share performance: price up to DKK 1,204 at year-end 2024; total return ~22% in 2024 (incl. dividend). 2025 guidance: net profit expected DKK 1,800–2,200m.

Other notable items

Sector shares and portfolio contributed positively to results (portfolio result +DKK 62m in 2024). Employee wellbeing hit record highs in 2024; the bank published its first CSRD-format sustainability statement and continues digitalisation and staff training investments.

Summarized from source with an LLMView Source

Key figures

15.6%1Y

63.4%3Y

145%5Y

Performance

18.8%1Y

21.6%3Y

24.1%5Y

Volatility