Jyske Bank Annual Report 2024

Comments from CEO Lars Mørch


Summary

  • Earnings per share DKK 80.0 (2023: DKK 89.3)
  • Core income DKK 13,693m (2023: DKK 14,356m)
  • Core expenses DKK 6,402m (2023: DKK 6,102m)
  • Loan impairment charges DKK 21m (2023: DKK 127m)
  • Capital ratio of 23.1%, of which common equity tier 1 capital ratio of 17.6% (2023: 21.0% and 16.9%, respectively)
  • The Group Supervisory Board proposes an ordinary dividend of DKK 24.0 per share, or DKK 1,543m for resolution at the coming annual general meeting
  • New share buy-back programme of up to DKK 2.25bn is expected to be completed by 31 January 2026 at the latest and contributes to a historical capital distribution to shareholders
  • The net profit is expected in the range of DKK 3.8bn-4.6bn in 2025, corresponding to earnings per share in the range of DKK 60-73
  • Improved customer satisfaction, higher meeting activity and increased inflow of personal customers
  • Rising business volumes, especially within asset management, where customers also achieved excellent returns.