Annual Report 2025

Core Insights - Jyske Bank reported a 7% increase in earnings per share to DKK 85 in 2025, surpassing initial expectations of DKK 60-73, driven by higher business volumes, customer inflow, effective cost management, favorable financial markets, and solid credit quality [1][17] - The Group Supervisory Board proposed the highest dividend per share to date of DKK 25 and announced a share buyback program of up to DKK 3 billion [21][7] Financial Performance - Core income remained stable at DKK 13,654 million, while operating expenses increased by 3%, with underlying expenses rising by 1% after adjusting for one-off costs [18][7] - Loan impairment charges significantly decreased to DKK 2 million from DKK 21 million the previous year, reflecting improved credit quality [19][7] - The common equity tier 1 capital ratio was 16.1%, and the total capital ratio was 21.5%, both exceeding regulatory requirements [20][7] Economic and Market Context - The Danish economy and employment are improving, with a rise in housing market activity and controlled inflation, positioning Jyske Bank to support its customers effectively [2] - The bank's strategy, "Potential for more," has been successfully executed, leading to growth in both personal and corporate customer segments [3][10] Customer Satisfaction and Branding - Customer satisfaction has improved, with Jyske Bank ranking 1 among larger corporate customers and being recognized as "Best at Private Banking" for ten consecutive years [4][8] - A new visual identity and brand platform were launched to enhance Jyske Bank's market presence and communication consistency [6] Strategic Initiatives - Jyske Bank launched its first comprehensive climate transition plan in 2025, increasing lending to climate-related activities by DKK 10.8 billion, totaling DKK 138.7 billion or approximately 27% of the Group's lending [11] - The bank has focused on enhancing its mortgage and leasing activities, with Jyske Realkredit increasing lending volumes by 4% and Jyske Finans maintaining a strong position in the leasing market [13][14] Employee Engagement - Employee satisfaction and loyalty have improved, contributing to better customer experiences and overall performance [7][8] - The establishment of a new collaborative workspace for 950 employees in Copenhagen aims to strengthen the bank's presence and foster a professional environment [9]