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Internal announcement No. 31 |
Net profit was DKK 670 million, return on equity 21.1%
The financial statements for the first quarter of 2024 show very satisfactory figures: a net profit of DKK 670 million and a return on equity of 21.1%. Core profit increased by DKK 174 million compared to the same period last year, mainly due to an increase in net interest income. Compared to the same period last year, the Bank's total business volume increased by 3% year-on-year, with underlying growth rates of 2% for loans and 4% for deposits.
We are once again pleased to record high creditworthiness with both individual and corporate customers. As a result, in the first quarter of 2024 he had a net reversal of his impairment charges of DKK 32 million. In addition, management's expectations increased by DKK 39 million primarily in relation to: Cyclical economic downturn and uncertainty regarding future carbon taxes on agriculture continue.
Spar Nord is thus off to a good start heading into its anniversary year in 2024, which is still expected to be the second-best performance in the bank's 200-year history in terms of financial performance. said CEO Lasse Nyby.
If you have any questions regarding this release, please contact Chief Executive Officer Lasse Nyby (phone). +45 9634 4011 or Rune Brandt Børglum, Head of Investor RElation, over the phone. +45 9634 4236.
Rune Brant Borglum
Head of Investor Relations
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