Kreditbanken (KRE) Q3 2025 earnings summary

Executive summary

• Profit before tax for the first nine months of 2025 reached DKK 156.6 million, up from DKK 150.4 million year-over-year, driven by positive bond revaluations, sector equity returns, and lower loan impairments.

• Net interest and fee income increased by DKK 13.8 million compared to the same period in 2024, reflecting higher activity and fee income.

• Operating expenses rose by DKK 7.9 million to DKK 117.4 million, mainly due to higher IT and personnel costs.

• Loan impairments dropped significantly to DKK 1.2 million from DKK 12.2 million in the prior year period.

Financial highlights

• Net interest and fee income: DKK 256.1 million (up from DKK 242.3 million year-over-year).

• Profit before tax: DKK 156.6 million (up from DKK 150.4 million year-over-year).

• Net profit: DKK 117.0 million (up from DKK 111.4 million year-over-year).

• Total assets: DKK 7,319 million (up from DKK 6,551 million year-over-year).

• Loans: DKK 2,881 million (up 7.8% year-over-year).

• Deposits (excl. pool deposits): DKK 5,106 million (up 13.1% year-over-year).

• Equity: DKK 1,172 million (up 11.4% year-over-year).

Outlook and guidance

• Full-year 2025 profit before tax is expected in the range of DKK 180–200 million, revised upward from previous guidance.

• Forecast range reflects economic uncertainty, with two scenarios for net interest income, revaluations, and loan impairments.