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- Accounting & risks
Accounting & risks
Spar Nord Bank A/S’ annual report 2024
Spar Nord achieved a profit after tax of DKK 2,222 million in 2024, which is the next best result in the 200-year history of the bank.
The result corresponds to an annualized return on equity of 16,6 percent. Management considers the performance as very satisfying. The performance is positively affected by the fact that interest rates remained high for longer than expected and due to the strong credit rating among the customers, which turned the total write-downs into an income.
Based on the prospect of falling interest rates Spar Nord expects to generate a profit after tax in the level of DKK 1,600-1,900 million in 2025.