Spar Nord Bank A/S

Latest Results (05.10.2025):

Spar Nord Bank A/S has reported a highly satisfactory net profit of DKK 1,779 million for the first three quarters of 2024, reflecting a robust financial performance. The bank achieved a return on equity after tax of 18.0%, supported by increased core income and substantial growth in business volume.

Strong Net Profit Growth

For Q1-Q3 2024, Spar Nord Bank A/S reported a profit after tax of DKK 1,779 million, marking an increase of DKK 47 million compared to the same period last year. This growth underscores the bank’s effective financial strategies and operational efficiency.

Increased Core Income

Core income rose by 2% year-over-year to DKK 4,323 million, driven by a 3% increase in net interest income and a 2% rise in net fee income. This enhancement in core earnings highlights the bank’s strong revenue-generating capabilities.

Expansion in Business Volume

The total business volume grew by DKK 18 billion (5%) to DKK 372,041 million. Notably, assets under management increased by DKK 11 billion (17%) to DKK 11.3 billion, and lending grew by DKK 3.5 billion (6%) to DKK 72.6 billion, reflecting the bank’s expanding market presence.

Positive Impact from Impairments

Spar Nord Bank A/S experienced a reversal of impairment charges, resulting in a positive profit impact of DKK 38 million for the first nine months of 2024. This improvement is attributed to the bank’s persistently strong credit quality among retail and business customers.

Upgraded Full-Year Profit Guidance

Based on the strong performance and positive outlook, Spar Nord Bank A/S has upgraded its full-year profit after tax guidance to a range of DKK 2,100 - 2,300 million. The bank now expects minimal to no profit impact from loan impairment charges for the entire year.