Best year in the history of the Bank
Nasdaq Copenhagen A/S Skjern, 6 February 2025
Nikolaj Plads 6
1007 København K
Announcement 1/2025
Best year in the history of the Bank
- Profit before tax increased by 6.0% to DKK 364.6 million, compared to DKK 344.1 million in 2023
- Equity yielded interest of 22.0% before tax
- Core earnings increased by 6.5% and amounted to DKK 357.6 million, compared with DKK 335.9 million in 2023
- Exchange rate adjustments of DKK 38.0 million compared with DKK 47.2 million in 2023
- Net interest and fee income increased by 7.0% to DKK 635.0 million
- Impairment of DKK 18.2 million and a maintained management estimate of DKK 100.00 million
- Lending increased by 3.5% and amounts to DKK 6,963 million and deposits increased by 7.4% and amount to DKK 8,893
- Capital ratio of 24.6% and individual solvency requirements of 9.9%
- Proposal for a dividend of DKK 3.5 per share and a share buyback of DKK 3.5 per share, corresponding to DKK 67.5 million or 24.6% of profit after tax for the year
- Profit before tax for 2025 is expected to be in the range of DKK 280 – 310 million
Kind regards
Skjern Bank
Hans Ladekjær Jeppesen Per Munck
Chairman of the Board Director
Questions should be directed to Director Per Munck by phone at 21 73 30 04.