Accounting & risks

Spar Nord Bank A/S’ annual report 2023

Spar Nord achieved a profit after tax of DKK 2,421 million in 2023, which is the best result in the 199-year history of the bank.

The profit corresponds to an annualized return on equity of 19,7 percent, which places the bank among the best of the largest Danish banks. Management considers the performance as very satisfying. 

The performance is positively affected by the growth in the bank deposit and lending area and due to the strong credit rating among the customers, which turned the total write-downs into an income.

Spar Nord’s total contribution to society from taxes and charges was DKK 976 million in 2023.

Based on the expectations of continued organic growth and the prospect of falling interest rates Spar Nord expects to generate a profit of DKK 1,700-2,100 million in 2024. The year in which the bank can celebrate its 200th anniversary.


Annual Report 2023


Risk Report 2023


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.