Accounting & risks

Interim report Q1 2024

Spar Nord achieved a profit after tax of DKK 670 million in the first quarter of 2024, which corresponds to an annualized return on equity of 21,1 percent. Management considers the performance as very satisfying.

The performance is positively affected by the continued growth in the bank deposit area as well as positive exchange rate adjustments and due to the strong credit rating among the customers, which turned the total write-downs into an income of DKK 32 million.

Based on the development in the first months of 2024 and the expectations for the remainder of the year the overall financial goal is still to generate a profit in the level of DKK 1.700-2.100 million in 2024 – the second-best result in the history of the bank.

 2024 is also the year in which the bank can celebrate its 200th anniversary.


Q1 Report 2024


Individual solvency need at end-March 2024


Head of Investor Relations

Rune Brandt Børglum

It is my most important task to ensure that Spar Nord at all times makes accurate, relevant and timely information available to the bank's stakeholders. Call or write me if you have any questions or comments.