Annual report 2016

| Source: Ringkjøbing Landbobank A/S Ringkjøbing Landbobank A/S

2016 in headlines:

  • The best profit in the bank’s history
  • 12% improvement in profit before tax to DKK 661 million, equivalent to a 21% return on equity
  • Core earnings increased to DKK 617 million, exceeding expectations
  • High levels of customer satisfaction and willingness to recommend the bank
  • The rate of costs was 32.3 - the lowest in Denmark
  • Increase in loans of 3% and in deposits of 8%
  • Proposed dividend raised from DKK 30 to DKK 36 per share. A new buy-back programme for up to DKK 170 million is also proposed, increasing the total pay-out ratio to 62%
  • Expectations for core earnings of DKK 515 - 615 million in 2017, plus the result for the portfolio

Please read the complete Annual Report in the attached pdf.

Attachments

Annual report 2016.pdf