Ringkjobing Landbobank
RILBA
ISIN DK0060854669 / Valor 36852418
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: FinanceLatest Results (06.09.2025):
Ringkjøbing Landbobank has reported strong financial performance for the first quarter of 2024, showcasing significant growth in core earnings and net profit. The bank maintained high credit quality with zero impairment charges and continued to expand its customer base, reinforcing its position in the market.
Net Profit and Return on Equity
The bank achieved a net profit of DKK 616 million in Q1 2024, representing a 24% per annum return on equity. This marks a substantial increase compared to the previous year.
Increase in Core Income
Core income rose by 22% to DKK 1,040 million, driven by higher lending activities and positive developments in fee, commission, and foreign exchange income.
Efficient Cost Management
Total expenses increased by 8% to DKK 247 million, while the cost/income ratio improved to 23.7%, down from 26.7% in Q1 2023.
High Credit Quality
Impairment charges for loans remained at DKK 0 million, indicating the bank's strong credit portfolio and effective risk management practices.
Customer and Asset Growth
The bank experienced a 5% growth in loans, an 8% increase in deposits, and a 15% rise in custody account holdings, reflecting a highly satisfactory increase in customer numbers.
Strong Brand Performance
Ringkjøbing Landbobank's brands were ranked at the top in Voxmeter’s latest image survey, highlighting the bank's strong market reputation.
Outlook for 2024
The bank has maintained its expected results for the full year of 2024, confident in its continued growth and financial stability.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5516 M
Market cap (USD)
22,634
Daily traded volume (Shares)
1211 / 1197
1 day high/low (USD)
52 weeks high/low (USD)
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Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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