AL Sydbank posts strong first quarter as merged bank and presses ahead with integration
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AL Sydbank has reported strong first-quarter results as a merged entity, with a net profit of DKK 803m and a return on tangible equity of 11.8%. Total credit facilitation reached DKK 387.3bn, and deposits rose to DKK 212.9bn. The bank is well-capitalised with a CET1 ratio of 15.7% and is progressing with its integration plans, including merging branches and preparing for IT migration. For 2026, AL Sydbank anticipates moderate growth in the Danish economy and projects a net profit of DKK 3.5bn–4.0bn, while acknowledging market risks.
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