Spar Nord reports impressive financial results for H1 2024, with increased net profit and strong credit quality.

From GlobeNewswire: 2024-08-15 02:14:00

The financial statements for the first half of 2024 from Spar Nord reveal a net profit of DKK 1,215 million and a return on equity after tax of 18.8%. In the second quarter, market rates fell only slightly, leading to a 10% increase in net interest income compared to the year before.

Persistently strong credit quality at Spar Nord led to a net reversal of impairment charges in Q2 2024, resulting in a positive profit impact from impairment charges for the first half of the year. This showcases the robustness of the Bank’s retail and business customers and was a key factor in the profit forecast upgrade announced by CEO Lasse Nyby in June.

For any inquiries, individuals can reach out to Lasse Nyby, Chief Executive Officer, at +45 9634 4011, or Rune Brandt Børglum, Head of Investor Relations, at + 45 9634 4236.



Read more at GlobeNewswire:: Financial results for H1 2024