Jyske Bank Maintains Solid Profit, Announces Share Buy-Back
Company Announcements

Jyske Bank Maintains Solid Profit, Announces Share Buy-Back

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.

For further insights into GB:0MGD stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskJyske Bank A/S Enhances Transparency with New Disclosures
TipRanks UK Auto-Generated NewsdeskJyske Bank Highlights Insider Transactions Compliance
TipRanks UK Auto-Generated NewsdeskJyske Bank Reveals Key Employee Stock Transactions
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App