Jyske Bank A/S (GB:0MGD) has released an update.
Jyske Bank reports a stable net profit of DKK 1.3bn for Q1 2024, maintaining the momentum from its previous first-quarter performance. The financial institution benefited from the higher interest rates which boosted net interest income by 11%, although net fee and commission income was impacted by lower activity in the housing market. With a solid capital ratio of 22%, Jyske Bank is set to launch a substantial DKK 1.5bn share buy-back programme, signaling strong financial health and commitment to shareholder value.
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