Ringkjoebing Landbobank A/S : Annual report 2017

2017 - highlights

• The best profit before tax and the best core earnings in the bank’s history
• Profit before tax increased by 11% to DKK 735 million, which equates to a 22% return on equity
• Core earnings increased by 9% to DKK 675 million, exceeding expectations
• High levels of customer satisfaction and the best reputation among Danish banks
• Big increase in customer numbers creates 11% increase in loans
• Rate of costs of 32.8 makes us highly competitive
• Proposed dividend increase of 25% to DKK 9 per share. A new buy-back programme for up to DKK 170 million is also proposed, increasing the total pay-out ratio to 63%.
  Expectations for core earnings of DKK 600-675 million in 2018, plus the result for the portfolio

Please read the complete Annual report in the attached pdf.