December 18, 2024 - 10:26
Spar Nord has issued its financial guidance for the year 2025, projecting core earnings before impairment to range between DKK 2,200 million and DKK 2,600 million. This forecast is grounded in the anticipation of four interest rate cuts by Danmarks Nationalbank, Denmark's central bank, which are expected to total a reduction of 1.00 percentage point throughout the year.
The bank's outlook reflects a belief in sustained, albeit moderate, economic growth within Denmark, coupled with high employment levels. As a result, Spar Nord expects that impairment charges related to loans, advances, and guarantees will remain low. This positive expectation serves as a testament to the resilience of the Danish economy, despite potential fluctuations in interest rates.
Spar Nord's guidance aims to provide stakeholders with a clear understanding of the bank's anticipated financial performance, reinforcing its commitment to transparency and strategic planning in a dynamic economic environment.
