Jyske Bank Interim Financial Report Q1 2024

Summary

  • Net interest income rose by 11% to DKK 2,462m (Q1 2023: DKK 2,224m)
  • Core income was up by 4% to DKK 3,430m (Q1 2023: DKK 3,310m)
  • Core expenses rose by 5% to DKK 1,557m (Q1 2023: DKK 1,480m)
  • Loan impairment charges amounted to an expense of DKK 82m (Q1 2023: DKK 96m)
  • Net profit was nearly unchanged at DKK 1,286m (Q1 2023: DKK 1,289m).
  • Capital ratio at 22.0%, of which common equity tier 1 capital ratio at 16.6% (Q1 2023: 19.6% and 15.4%, respectively)
  • Dividend of DKK 500m, corresponding to DKK 7.78 per share, adopted at the Annual General Meeting and paid out to the shareholders in March 2024
  • Share buy-back programme of up to DKK 1.5bn launches on 3 June.