Interim report
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INTERIM REPORT FOR THE FIRST HALF OF 2026 Ringkjøbing Landbobank
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 1 Contents Page 2 Interim report – highlights 2 Key figures and ratios 3 Core earnings 4 Quarterly overviews 6 Management’s review 17 Management statement 18 Statements of income and comprehensive income 19 Balance sheet 21 Statement of changes in equity 22 Statement of capital 23 Notes 35 Key figures 36 The Danish FSA’s official key figures/ratios etc. for Danish banks
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 2 Interim report – highlights • The net profit is DKK 1,194 million, equivalent to a 22% p.a. return on tangible equity (ROTE) • Earnings per share increase compared to 2025, by 10% for the second quarter and by 5% for the half -year • Core income is DKK 2,120 million, marginally higher than in 2025 • Costs increase by 4% compared to the first half of 2025, and the cost/income ratio is 26.2% • Continued strong credit quality and impairment charges of DKK 31 million carried to income for the half -year • Highly satisfactory increase in customer numbers and growth of 13% p.a. in loans and 12% p.a. in deposits • The DKK 400 million share buyback programme is expected to be completed shortly, following which a new programme will be launched. • Moody’s reaffirmed the bank’s Aa3 long-term bank deposits rating in June 2026 • The bank passed the threshold for SIFI designation for the first time • The expectations for net profit for 2026 are upwardly adjusted to the range DKK 2.2 - 2.5 billion Key figures for the bank (DKK million) H1 2026 H1 2025 2025 2024 2023 2022 Total core income 2,120 2,090 4,089 4,068 3,828 2,862 Total expenses and depreciation 556 534 1,080 1,044 963 891 Core earnings before impairment charges for loans 1,564 1,556 3,009 3,024 2,865 1,971 Impairment charges for loans etc. +31 +24 +41 +3 -1 -2 Core earnings 1,595 1,580 3,050 3,027 2,864 1,969 Result for the portfolio etc. -2 -4 +26 +62 -7 -69 Amortisation and write-downs on intangible assets 10 10 20 20 20 20 Tax 389 375 743 768 682 385 Net profit 1,194 1,191 2,313 2,301 2,155 1,495 Equity 11,620 11,210 11,568 11,034 10,451 9,295 Deposits including pooled schemes 65,022 58,323 61,338 56,652 52,626 48,700 Loans 64,855 57,306 62,553 55,837 50,881 48,342 Balance sheet total 90,916 81,065 86,309 78,633 73,520 68,980 Guarantees 8,676 8,093 8,710 7,198 6,465 7,570 Financial ratios for the bank (percent) Profit before tax/average equity 27.3 28.2 27.0 28.6 28.7 20.9 Net profit/average equity 20.6 21.4 20.5 21.4 21.8 16.6 Net profit/average tangible equity (ROTE) 22.5 23.5 22.4 23.6 24.4 18.8 Cost/income ratio 26.2 25.6 26.4 25.7 25.2 31.1 Common equity tier 1 capital ratio 16.1 15.2 16.4 16.6 18.9 17.4 Total capital ratio 21.0 18.1 21.7 19.8 23.0 21.6 MREL capital ratio 31.4 27.4 30.9 28.8 28.9 28.9 Key figures per DKK 1 share (DKK) Core earnings 67.0 63.5 125.3 118.8 107.1 71.5 Profit before tax 66.5 63.0 125.5 120.5 106.1 68.2 Net profit 50.1 47.9 95.0 90.3 80.6 54.3 Book value 488.1 450.6 475.1 433.1 391.0 337.3 Share price, end of period 1,550.0 1,388.0 1,538.0 1,204.0 991.5 948.0 Key figures and ratios
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 3 Core earnings Note no. H1 2026 DKK 1,000 H1 2025 DKK 1,000 Full year 2025 DKK 1,000 Net interest income 1,305,616 1,281,019 2,543,445 3 Net fee and commission income 620,901 564,684 1,119,947 Income from sector shares etc. 121,546 176,017 292,444 3 Foreign exchange income 71,523 67,604 131,600 Other operating income 39 378 1,298 Total core income 2,119,625 2,089,702 4,088,734 5,6 Staff and administration expenses 547,251 525,813 1,064,284 Depreciation and write-downs on tangible assets 7,028 7,714 15,085 Other operating expenses 893 408 408 Total expenses etc. 555,172 533,935 1,079,777 Core earnings before impairment charges for loans 1,564,453 1,555,767 3,008,957 7 Impairment charges for loans and other receivables etc. +30,629 +24,473 +41,357 Core earnings 1,595,082 1,580,240 3,050,314 Result for the portfolio etc. -2,471 -4,458 +25,630 Amortisation and write-downs on intangible assets 9,754 9,754 19,509 Profit before tax 1,582,857 1,566,028 3,056,435 8 Tax 389,289 374,872 743,024 Net profit 1,193,568 1,191,156 2,313,411
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 4 Quarterly overviews The following pages contain quarterly overviews including core earnings, net profit, balance sheet items and contingent liabilities, and statement of capital. Core earnings (DKK million) Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022 Q1 2022 Net interest income 666 640 629 633 643 638 656 678 677 691 717 686 652 561 511 410 390 366 Net fee and commission income 308 313 291 264 273 292 264 256 249 259 245 233 231 227 224 239 237 248 Income from sector shares etc. 61 61 59 58 86 90 58 58 61 67 60 47 45 41 46 38 41 44 Foreign exchange income 36 35 37 27 32 36 23 20 21 23 20 18 19 20 17 18 16 15 Other operating income 0 0 0 1 0 0 0 4 3 0 1 5 0 0 1 0 0 1 Total core income 1,071 1,049 1,016 983 1,034 1,056 1,001 1,016 1,011 1,040 1,043 989 947 849 799 705 684 674 Staff and administration expenses 284 264 288 250 271 255 275 237 255 241 248 231 238 222 229 214 221 207 Depreciation and write-downs, tangible assets 4 3 4 3 4 4 5 14 3 3 5 3 3 3 5 3 4 1 Other operating expenses 1 0 1 0 0 0 3 2 3 3 2 3 3 2 2 2 1 2 Total expenses etc. 289 267 293 253 275 259 283 253 261 247 255 237 244 227 236 219 226 210 Core earnings before impairment charges 782 782 723 730 759 797 718 763 750 793 788 752 703 622 563 486 458 464 Impairment charges for loans etc. +15 +16 +6 +11 0 +24 +1 +1 +1 0 0 0 0 -1 0 0 -1 -1 Core earnings 797 798 729 741 759 821 719 764 751 793 788 752 703 621 563 486 457 463 Result for the portfolio etc. +16 -18 +21 +9 +2 -6 +6 +26 +7 +23 +29 -8 -7 -21 +11 -61 -10 -9 Amortisation and write-downs, intangible assets 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 Profit before tax 808 775 745 745 756 810 720 785 753 811 812 739 691 595 569 420 442 449 Tax 199 190 185 183 181 194 189 196 188 195 198 178 166 140 110 91 94 90 Net profit 609 585 560 562 575 616 531 589 565 616 614 561 525 455 459 329 348 359
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 5 Quarterly overviews Balance sheet items and contingent liabilities (DKK million) End of Q2 2026 End of Q1 2026 End of Q4 2025 End of Q3 2025 End of Q2 2025 End of Q1 2025 End of Q4 2024 End of Q3 2024 End of Q2 2024 End of Q1 2024 End of Q4 2023 End of Q3 2023 End of Q2 2023 End of Q1 2023 End of Q4 2022 End of Q3 2022 End of Q2 2022 End of Q1 2022 Loans 64,855 64,575 62,553 57,910 57,306 56,444 55,837 53,887 52,535 51,417 50,881 49,590 49,996 48,842 48,342 48,052 46,681 43,352 Deposits including pooled schemes 65,022 62,786 61,338 59,371 58,323 56,926 56,652 54,238 53,818 52,824 52,626 52,216 50,799 48,786 48,700 47,637 46,144 42,599 Equity 11,620 11,403 11,568 11,394 11,210 11,009 11,034 10,825 10,593 10,460 10,451 10,042 9,647 9,310 9,295 9,009 8,864 8,671 Balance sheet total 90,916 89,382 86,309 82,274 81,065 79,381 78,633 75,531 75,616 73,438 73,520 73,254 71,012 69,649 68,980 67,463 65,226 60,157 Contingent liabilities 8,676 8,816 8,710 8,535 8,093 7,543 7,198 6,941 7,090 6,533 6,465 6,780 7,216 6,993 7,570 8,998 11,244 12,432 Statement of capital (DKK million) Common equity tier 1 9,854 9,693 9,593 9,052 8,684 8,298 9,134 8,113 7,917 7,610 9,225 8,391 8,408 7,951 8,154 7,532 7,720 7,471 Tier 1 capital 9,854 9,693 9,593 9,052 8,684 8,298 9,134 8,113 7,917 7,610 9,225 8,391 8,408 7,951 8,154 7,532 7,720 7,471 Total capital 12,888 12,738 12,651 11,744 10,385 10,062 10,888 9,783 9,849 9,533 11,188 10,314 9,847 9,894 10,107 9,499 9,730 9,476 MREL subordinated capital 18,424 18,100 17,505 16,558 15,171 15,391 15,295 13,606 13,670 12,932 - - - - - - - - MREL capital 19,221 19,009 18,031 17,068 15,699 15,779 15,892 14,202 14,231 13,454 14,097 13,202 13,113 13,411 13,533 12,937 13,183 12,445 Total risk exposure 61,292 60,641 58,383 56,739 57,297 55,396 55,123 52,150 50,968 49,648 48,733 47,706 47,627 47,043 46,855 47,326 46,940 44,880 (Percent) Common equity tier 1 16.1 16.0 16.4 16.0 15.2 15.0 16.6 15.6 15.5 15.3 18.9 17.6 17.7 16.9 17.4 15.9 16.4 16.6 Tier 1 capital 16.1 16.0 16.4 16.0 15.2 15.0 16.6 15.6 15.5 15.3 18.9 17.6 17.7 16.9 17.4 15.9 16.4 16.6 Total capital 21.0 21.0 21.7 20.7 18.1 18.2 19.8 18.8 19.3 19.2 23.0 21.6 20.7 21.0 21.6 20.1 20.7 21.1 MREL subordinated capital 30.1 29.8 30.0 29.2 26.5 27.8 27.7 26.1 26.8 26.0 - - - - - - - - MREL capital 31.4 31.3 30.9 30.1 27.4 28.5 28.8 27.2 28.0 27.1 28.9 27.7 27.5 28.5 28.9 27.3 28.1 27.7
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 6 Management’s review Core earnings Core income Interest Net interest income was DKK 1,306 million in the first half of 2026, compared to DKK 1,281 million in the first half of 2025. Net interest income (DKK million) H1 2026 H1 2025 2025 Net interest income 1,306 1,281 2,543 At the beginning of the year, the expectation was that net interest income per day would increase over the course of 2026 compared to the net interest income per day realised in the fourth quarter of 2025. Over the last three quarters, net interest income was DKK 629 million in the fourth quarter of 2025, DKK 640 million in the first quarter of 2026 and DKK 666 million in the second quarter of 2026. It is positive that these expectations have been met in the first two quarters of the year, including that net interest income per day has now returned to an upward trend. The development is primarily attributable to the increasing loan and deposit figures. Loans increased by 3.2% and deposits by 2.4% in the first quarter of 2026 and by 0.4% and 3.6% respectively in the second quarter of 2026. In the past year, the loan portfolio increased by 13.2% and deposits by 11.5%. The development in the loan portfolio in the second quarter of 2026 reflects that mortgage loans for funding purposes amounting to a net of DKK 1.4 billion were sold off in the quarter. In addition, a DKK 0.5 billion reverse repo loan entered into at the end of March 2026 expired at the end of June 2026. Adjusted for the reverse repo loan at the end of March 2026, the loan portfolio incl. funded mortgage loans increased 3.1% in the second quarter of 2026 and an increase of 7.7% compared to the end of 2025. The underlying growth in loans thus remained very satisfactory. The total credit intermediation is described on page 13. Fee, commission and foreign exchange income In total, income from fee, commission and foreign exchange amounted to DKK 692 million in the first six months of 2026, compared to DKK 632 million in the corresponding period of 2025, equivalent to an increase of 10%. Net fee, commission and foreign exchange income (DKK million) H1 2026 H1 2025 2025 Securities trading 121 101 196 Asset management and custody accounts 141 129 261 Payment handling 84 80 154 Loan fees 44 42 87 Guarantee and mortgage credit commission etc. 145 144 287 Pension and insurance commission 65 49 99 Other fees and commission 21 19 36 Foreign exchange income 71 68 132 Total 692 632 1,252 Income from “Securities trading”, “Asset management and custody accounts” and “Foreign exchange income” is assessed as one item, as it relates primarily to the bank’s focus on private banking and other asset management. Total income from these three items amounted to DKK 333 million in the first half of 2026, compared to DKK 298 million in 2025, an increase of 12%. Assets in custody accounts etc. (DKK million) 30 June 2026 30 June 2025 31 Dec. 2025 Custody account holdings 98,535 90,191 95,128 Deposits in pooled schemes 8,535 7,156 7,741 Letpension/PFA Pension 8,125 6,245 7,185 Total 115,195 103,592 110,054 Income from “Payment handling” was DKK 84 million in the first half of 2026, which is marginally higher than in 2025. Income from “Loan fees” was DKK 44 million in the first half of the year compared to DKK 42 million in 2025. The high activity level in the real property market in 2025 thus continues in 2026. Income from “Guarantee and mortgage credit commission etc.” amounted to DKK 145 million in the first half of 2026, compared to DKK 144 million the year before. The bank’s continuous and unremitting focus on the pension area, combined with the effect of a new partnership agreement between Letpension and PFA Pension in 2026, resulted in an increase in income from this source, from DKK 49 million in the first half of 2025 to DKK 65 million in 2026, an increase of 31%.
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 7 Management’s review Sector shares and other operating income Earnings from banking sector shares totalled DKK 122 million in the first six months of the year, compared to DKK 176 million in 2025. The earnings derive primarily from the bank’s shares in DLR Kredit, PRAS and BankInvest. The earnings for 2025 included a one-off income item of DKK 65 million relating to the bank’s holding of BankInvest shares, because a general revaluation of these shares was carried out in 2025. Sector shares and other operating income (DKK million) H1 2026 H1 2025 2025 Sector shares 122 176 293 Other operating income 0 0 1 Core income Total core income was DKK 2,120 million in the first half of 2026 compared to DKK 2,090 million in 2025. Adjusted for the one-off income of DKK 65 million in 2025, the increase was 9% compared to the first half of 2025. The bank considers this development satisfactory. Expenses, depreciation and write-downs Total expenses including depreciation and write-downs on tangible assets amounted to DKK 556 million in the first half of 2026, compared to a total of DKK 534 million in the first half of 2025, an increase of 4%. Expenses, depreciation and write-downs (DKK million) H1 2026 H1 2025 2025 Staff and management expenses 330 315 636 IT and other administration expenses 218 211 428 Depreciation and write-downs, tangible assets 7 8 15 Other operating expenses 1 0 1 Total 556 534 1,080 The cost increase of DKK 22 million net reflects both higher staff costs and higher IT and administration expenses. An increase of approximately 4% in total expenses is still expected for the full year 2026, compared to 2025. The cost/income ratio was 26.2% in the first six months of the year, compared to 25.6% in the same period in 2025. A low cost/income ratio combined with good credit quality is the foundation of the bank’s business model. This combination provides a high free cash flow and a robust earnings buffer. st in merati 4 ,3 44,3 44,1 3 , 34, 33, 3 ,4 31,6 31,6 3 ,4 3 , 3 ,4 3 ,8 3 ,1 3 ,3 3 ,8 43,3 38, 36, 33,6 31,1 5, 5, 6,4 5,6 6, 3 4 5 3 4 5 6 8 1 11 1 13 14 15 16 1 18 1 1 3 4 5 1 5 1 6
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 8 Management’s review Impairment charges for loans etc. The development in the bank’s losses and impairment charges for loans etc. in the first half of 2026 was satisfactory and better than expected. The item shows net income of DKK 31 million for the half- year compared to net income of DKK 24 million in the same period in 2025. Losses and impairment charges are thus around zero or positive for the 18th consecutive quarter. Seen in isolation, net income in the second quarter of 2026 was DKK 15 million. Impairment charges for loans etc. (DKK million) H1 2026 H1 2025 2025 Impairment charges for loans etc. +31 +24 +41 Actual net losses in the period were modest and, after offsetting against payments received on claims previously written off and interest on the total account for impairment charges, the overall contribution from the item is positive. Against this background, the bank’s total impairment account has only reduced from DKK 2,373 million at the end of 2025 to DKK 2,370 million at the end of the first half of 2026, regardless of the net income of DKK 31 million. The above reflects that the credit quality of the bank’s loan portfolio remains good. The bank’s business customers have generally been able to navigate a complex economic and geopolitical situation. However, the bank remains very aware of the higher risks posed by a range of geopolitical factors that can affect inflation as well as the global and Danish economies. In addition, new risks have emerged for Danish agriculture as a result of possible new regulations regarding pig farming and the aquatic environment in particular. These risks have arisen at a time when settlement prices for pork are at historically low levels. In this context, it should be noted that the bank’s net loans to pig farming amount to 1% of the bank’s total loans and guarantees, and that only a limited portion of this exposure is secured by mortgages on livestock housing facilities. The bank has made necessary individual impairment charges and has also incorporated considerable management estimates relating to this sector to counter these risks. Total management estimates were DKK 1,057 million at the end of the first half of 2026, equivalent to an increase of DKK 15 million since the end of 2025. The bank’s lending to personal customers is still supported by a strong labour market in Denmark and an equally robust real property market, especially in the cities. Loans with suspended interest amounted to DKK 128 million at the end of the first half of 2026 compared to DKK 132 million at the end of 2025. Core earnings Core earnings for the first half of 2026 totalled DKK 1,595 million compared to the previous year’s DKK 1,58 million, an increase of 1%. Core earnings (DKK million) H1 2026 H1 2025 2025 Total core income 2,120 2,090 4,089 Total expenses and depreciation 556 534 1,080 Core earnings before impairment charges 1,564 1,556 3,009 Impairment charges for loans etc. +31 +24 +41 Core earnings 1,595 1,580 3,050
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 9 Management’s review Earnings per share The bank places emphasis on the key figures “Core earnings per share” and “Net profit per share” and how they develop. Net profit per DKK 1 share was DKK 50.1 for the first half of 2026 compared to DKK 47.9 in the first half of 2025, an increase of 5%. Net profit per DKK 1 share for the second quarter was DKK 25.5 in 2026 compared to DKK 23.1 in 2025, an increase of 10%. Result for the portfolio etc. The result for the portfolio etc. including portfolio funding costs was negative by DKK 2 million net for the first half of the year, compared to a negative result of DKK 4 million net in the first half of 2025. Result for the portfolio etc. (DKK million) H1 2026 H1 2025 2025 Result for the portfolio etc. -2 -4 +26 In the first quarter of 2026, the result for the portfolio was negative by DKK 17 million and in the second quarter of 2026 it was positive by DKK 15 million. The declines in prices of the bank’s bond portfolio, primarily in March 2026, were reversed by price increases in the second quarter. arnings ers are 5. .6 3 . 36.5 41.4 4 . 54.4 1.5 1 .1 118.8 1 5.3 63.5 6 . 4 6 8 1 1 14 15 16 1 18 1 1 3 4 5 1 5 1 6 Core earnings Net pro t
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 10 Management’s review Amortisation and write-downs on intangible assets The bank treats amortisation and write-downs on intangible assets as a special item, since expensing them enhances the quality of equity and helps to reduce the deduction when computing total capital. Amortisation and write-downs on intangible assets amounted to DKK 10 million in the first half of 2026, unchanged relative to 2025. Amortisation and write-downs on intangible assets (DKK million) H1 2026 H1 2025 2025 Amortisation and write-downs on intangible assets 10 10 20 Profit before and after tax The profit before tax was DKK 1,583 million, equivalent to a 27.3% p.a. return on average equity. The profit after tax was DKK 1,194 million, equivalent to a 20.6% p.a. return on average equity and to a return on tangible equity (ROTE) of 22.5% p.a. The effective tax rate was 24.6% in the first half of the year, compared to 23.9% in 2025. Core earnings – alternative performance measure The bank uses the alternative performance measure “Core earnings” for both external and internal financial reporting because they are deemed to better reflect actual banking operations. Overall, core earnings consist of the same items as the traditional “Profit before tax” measure of performance, but the calculation method and degree of specification are different. Core earnings show the bank’s income and expenses adjusted for temporary fluctuations following from the development in the bank’s trading portfolio of securities (the securities portfolio less sector shares etc.), and the profit before tax is divided into two main elements: core earnings and result for the portfolio. The result for the trading portfolio is composed of portfolio value adjustments plus the actual return from the portfolio in the form of interest and dividends, less the calculated funding costs. Core earnings are shown on page 3 with comments on the preceding pages.
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 11 Management’s review The income statement Net interest income Net interest income totalled DKK 1,286 million in the first half of 2026 compared to DKK 1,274 million in 2025. Net interest income (DKK million) H1 2026 H1 2025 2025 Interest income 1,688 1,693 3,297 Interest expenses 402 419 773 Total net interest income 1,286 1,274 2,524 The development reflects continued pressure on the interest margin from the first half of 2026 to the first half of 2026. However, this pressure diminished during the second quarter of 2026. As shown on pages 6 and 13, the bank has been able to increase its business volume in the half-year, mitigating the effect of the pressure on its interest margin. Dividends from shares etc. Dividend income from shares etc. totalled DKK 56 million in the first half-year compared to DKK 137 million in 2025. Dividends from shares etc. (DKK million) H1 2026 H1 2025 2025 Dividends from shares etc. 56 137 228 Dividends derive primarily from sector shares. Fee and commission income and fee and commission expenses Net fee and commission income was DKK 621 million in the first half of 2026 compared to DKK 565 million in the first half of 2025, an increase of 10%. Net fee and commission income (DKK million) H1 2026 H1 2025 2025 Fee and commission income 675 616 1,230 Fee and commission expenses -54 -51 -110 Total net fee and commission income 621 565 1,120 Please see the comments below and note 3 to the income statement for a breakdown of net fee and commission income. Overall, the income items “Securities trading” and “Asset management and custody accounts” developed positively in the first half of 2026 with an increase of DKK 32 million, from DKK 230 million in the first half of 2025 to DKK 262 million in 2026. Income from “Payment handling” was DKK 84 million in the half-year, marginally higher than 2025, when the figure was DKK 80 million. Income from “Loan fees” was also marginally higher by DKK 2 million, increasing from DKK 42 million in the first half of 2025 to DKK 44 million in 2026, which reflects a continued high level of activity in the real property market. Income from “Guarantee and mortgage credit commission etc.” amounted to DKK 145 million in the first half of 2026 compared to DKK 144 million in 2025. Income from “Pension and insurance commission” in the first half of 2026 amounted to DKK 65 million compared to DKK 49 million from this source in 2025. The increase is driven by higher customer numbers and by the bank’s continuous and unremitting focus on pension advisory services combined with the effect of a new partnership agreement between Letpension and PFA Pension in 2026. Finally, the income from “Other fees and commission” amounted to DKK 21 million in the first half of 2026, marginally higher by DKK 1 million compared to 2025. Value adjustments The value adjustments in the first half of 2026 resulted in income totalling DKK 151 million, compared to income totalling DKK 109 million in 2025. This development breaks down as follows: Value adjustments (DKK million) H1 2026 H1 2025 2025 Other loans and receivables 6 -3 -10 Bonds 10 -3 11 Shares etc. 69 49 101 Foreign exchange 71 68 132 Derivative financial instruments -1 -14 5 Issued bonds etc. -5 12 1 Tier 2 capital 1 0 1 Total value adjustments 151 109 241 As shown above, value adjustments of the bank’s portfolio of shares and foreign exchange income in particular contributed to the positive value adjustments for the half-year. Staff and administration expenses Total staff and administration expenses increased by 4% in the first half of 2026, from DKK 526 million in 2025 to DKK 548 million in 2026. Staff and administration expenses (DKK million) H1 2026 H1 2025 2025 Staff and management expenses 330 315 636 Other administration expenses etc. 218 211 428 Total staff and administration expenses 548 526 1,064 Expenses for staff and management totalled DKK 330 million in the first half of 2026 compared to DKK 315 million in 2025, an increase of 5%. The average number of full-time employees (FTEs) increased from 679 in the first half of 2025 to 683 in the first half of 2026.
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 12 Management’s review Other administration expenses totalled DKK 218 million in the first half of 2026 compared to DKK 211 million in 2025. Amortisation, depreciation and write-downs on intangible and tangible assets Amortisation, depreciation and write-downs totalled DKK 17 million in the first half of 2026, which is marginally lower by DKK 1 million compared to 2025. Amortisation, depreciation and write-downs on intangible and tangible assets (DKK million) H1 2026 H1 2025 2025 Intangible assets 10 10 20 Tangible assets 7 8 15 Total amortisation, depreciation and write-downs on intangible and tangible assets 17 18 35 Impairment charges for loans and other receivables etc. The item represented income of DKK 31 million in the first half of 2026, while income in the first half of 2025 was DKK 24 million. The development in the item in 2026 was satisfactory and better than expected. Impairment charges for loans and other receivables etc. (DKK million) H1 2026 H1 2025 2025 Impairment charges for loans and other receivables etc. +31 +24 +41 The bank still assesses the quality of its loan portfolio as good. For further details on the development in impairment charges for loans etc., see pages 7 and 8 of the management's review and notes 11 and 26 to this interim report.
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 13 Management’s review Balance sheet etc. Balance sheet items and contingent liabilities The bank’s balance sheet total stood at DKK , 16 million at the end of June 2026, compared to DKK 81,065 million at the same time in the year before. Loans in the period June 2025 to June 2026 increased from DKK 57,306 million to DKK 64,855 million, an increase of 13.2%. In the first six months of the year, loans increased by DKK 2.3 billion, equivalent to 3.7%. For further details, see page 6. Deposits including pooled schemes increased by 11.5%, from DKK 58,323 million at the end of June 2025 to DKK 65,022 million at the end of June 2026. In the first six months of the year deposits increased by DKK 3.7 billion, equivalent to 6.0%. The bank’s contingent liabilities including guarantees amounted to DKK 8,676 million at the end of June 2026, compared to DKK 8,093 million at the end of June 2025 and DKK 8,710 million at the end of December 2025. Credit intermediation In addition to the traditional bank loans shown on its balance sheet, the bank also arranges mortgage loans on behalf of both Totalkredit and DLR Kredit. Within residential mortgage financing, the bank offers customers both mortgage loans intermediated through mortgage credit institutions and mortgage loans carried on the bank’s own balance sheet. Standardized documentation is used for these mortgage loans held on the bank’s balance sheet, enabling the bank, pursuant to established agreements, to transfer such loans to covered bond mortgage capital centres (SDO capital centres) and thereby secure funding.In the second quarter of 2026, mortgage loans of net DKK 1.3 billion were sold off. The total credit intermediation is presented in the table below: Total credit intermediation (DKK million) 30 June 2026 30 Mar. 2026 31 Dec. 2025 30 June 2025 Loans etc. 64,855 64,575 62,553 57,306 Funded mortgage loans 4,090 2,778 1,475 1,681 Mortgage credit – Totalkredit 50,895 50,691 49,881 48,588 Mortgage credit – DLR Kredit and others 9,725 9,785 9,753 9,615 Total 129,565 127,829 123,662 117,190 The bank’s portfolio of loans and sold funded mortgage loans increased by 16.9% compared with the end of June 2025, by 7.7% compared with the end of December 2025, and by 3.1% during the most recent quarter. Intermediated mortgage loans also increased, rising by 4.2% compared with the end of June 2025, by 1.7% compared with the end of December 2025, and by 0.2% during the most recent quarter. The bank’s total credit intermediation increased by 1 .6% compared with June 2025, by 4.8% during the first six months of the year, and by 1.4% during the most recent quarter. Securities and market risk The bank measures its portfolio of securities at fair value. The item “Shares, etc.” amounted to DKK 1,5 4 million at the end of June 2026, with DKK 104 million in listed shares and investment fund certificates and DKK 1,490 million in sector shares etc., mainly in the companies BI Holding, DLR Kredit and PRAS. The bond portfolio amounted to DKK 8,121 million on 30 June 2026, of which the majority consisted of AAA-rated Danish mortgage credit bonds. The total interest rate risk – impact on profit of a one percentage point change in interest level – was computed as 0.7% of the bank’s tier 1 capital on 3 June 2026. The bank’s total market risk within exposures to interest rate risk, listed shares etc. and foreign currency remains at a moderate level, and this policy will continue. Liquidity In terms of liquidity, the bank’s short-term funding liabilities totalled DKK 0.8 billion, comprising debt to credit institutions and issued bonds with term to maturity less than 12 months. This was balanced by short-term liquidity management deposits at Danmarks Nationalbank (the central bank of Denmark), receivables from credit institutions with term to maturity less than 12 months and listed securities totalling DKK 14.1 billion. This means the total excess cover was DKK 13.3 billion. In the first six months of the year, Ringkjְøbing Landbobank entered into agreements on new issues of non-preferred senior capital and preferred senior capital equivalent to a total of DKK .8 billion. See also “Capital structure” on page 15. In terms of liquidity, the bank must comply with the statutory requirement of at least 100% for both the liquidity ratios LCR and NSFR. On 30 June 2026 the bank’s LCR was 212% and its NSFR 118%. The bank thus met the statutory requirement for both ratios by a good margin.
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 14 Management’s review Capital structure The bank operates with four different capital targets. The capital targets specify that the common equity tier 1 capital ratio must be at least 13.5%, the total capital ratio at least 17.0%, the MREL subordination ratio for covering the subordination requirement plus the capital buffers at least 25.5% and the MREL capital ratio for covering the MREL requirement plus the capital buffers at least 26.0%. The bank’s equity at the beginning of 6 was DKK 11,568 million. The profit for the period must be added to this, while the dividend paid and the value of the bank’s own shares bought must be subtracted. After this, equity at the end of June 2026 was DKK 11,620 million. When the common equity tier 1 is computed at the end of the half-year, ongoing earnings contribute 87%. In addition, a new DKK 400 million share buyback programme which is part of the profit distribution for 2026 was deducted from the common equity tier 1 at the end of June 2026. The bank’s total capital ratio and tier 1 capital ratio were 21.0% and 16.1% respectively at the end of June 2026. Capital ratios 30 June 2026 30 June 2025 31 Dec. 2025 Common equity tier 1 capital ratio 16.1 15.2 16.4 Tier 1 capital ratio 16.1 15.2 16.4 Total capital ratio 21.0 18.1 21.7 MREL subordination ratio 30.1 26.5 30.0 MREL capital ratio 31.4 27.4 30.9 Adjusted for the part of the share buyback programmes not yet used and the expected distributions, the bank’s tier 1 capital ratio would have been as shown in the table at the bottom of the page. In December 2025, the bank received an updated MREL requirement of 19.1% from the Danish FSA, applicable from the beginning of 2026. The Danish FSA at the same time notified the bank of a subordination requirement of 23.3%. The subordination requirement must be met, as a minimum, with non-preferred senior capital, while the difference between the MREL requirement plus the combined capital buffer requirements and the subordination requirement can be met with preferred senior capital. Both the MREL requirement and the subordination requirement must always be met. To meet the MREL requirement, the bank has issued non- preferred senior capital over time. At the end of June 2026, non-preferred senior capital equivalent to a total of DKK 5.5 billion and preferred senior capital equivalent to a total of DKK 2.6 billion had been issued. The preferred senior capital complies with the eligibility provisions and can be used to cover the difference between the MREL requirement plus the combined capital buffer requirements and the subordination requirement. In the first half of the year, the bank entered into agreements on new issues of non-preferred senior capital equivalent to a total of DKK 1.9 billion and preferred senior capital equivalent to a total of DKK 0.9 billion. For further information on capital, please see page 22. The bank expects not to need refinancing of non- preferred senior capital and tier 2 capital in the rest of 2026. Adjusted tier 1 capital ratio 30 June 2026 30 June 2025 31 Dec. 2025 31 Dec. 2024 31 Dec. 2023 31 Dec. 2022 31 Dec. 2021 Common equity tier 1 capital ratio 16.1 15.2 16.4 16.6 18.9 17.4 17.6 Remaining share buyback programme 0.9 1.6 1.1 1.1 0.1 0.1 0.2 Deduction for expected distributions 0.2 0.9 - - - - - Adjusted common equity tier 1 capital ratio 17.2 17.7 17.5 17.7 19.0 17.5 17.8
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 15 Management’s review Solvency requirement, total requirement for total capital and excess cover The individual solvency requirement at the end of June 2026 was calculated as 9.1%. The bank’s countercyclical buffer was .3% at the end of June 2026, calculated as an exposure-weighted average of the specific buffer rates in the home countries of the customers to whom the bank is exposed. The capital conservation buffer of 2.5% and the sector-specific systemic buffer of 0.7% for exposures to real property companies at the end of the half-year should be added to this. The systemic real property buffer was eased at the end of the half-year. Thus, when calculating the buffer, loans in the 0-30% loan-to-value (LTV) range are now deducted, whereas only loans in the 0-15% range were deducted previously. The total requirement for the bank’s total capital was thus 14.6% at the end of June 2026, equivalent to DKK 8.9 billion. Compared with the actual total capital of DKK 12.9 billion, the capital buffer at the end of the half-year was thus DKK 4.0 billion, equivalent to 6.4 percentage points. For further information, see the summary below. Individual solvency requirement, total capital requirement and excess cover (%) 30 June 2026 30 June 2025 31 Dec. 2025 Individual solvency requirement 9.1 8.9 8.9 Capital conservation buffer 2.5 2.5 2.5 Countercyclical buffer 2.3 2.3 2.3 Sector-specific systemic buffer 0.7 0.9 0.9 Total requirement for the bank’s total capital 14.6 14.6 14.6 Excess cover (pp) relative to individual solvency requirement 11.9 9.2 12.8 Excess cover (pp) relative to total requirement for total capital 6.4 3.5 7.1 Share capital and share buyback programmes The bank’s annual general meeting of 4 March 6 approved authorisation of the board of directors to permit the bank, in accordance with the applicable law, to acquire its own shares to a total nominal value of 10% of the bank’s share capital. The general meeting further decided to cancel the 1,108,147 of the bank's own shares that were bought during 2025 and in early 2026. The capital reduction was finalised on 30 April 2026. The DKK 500 million share buyback programme initiated on 2 February 2026 was exercised in full and completed on 5 May 2026. A DKK 400 million share buyback programme was initiated the next day as part of the allocation of profit for 2026. This programme is expected to be completed no later than 7 August 2026. On 3 July 6, the bank’s board of directors decided to initiate a new DKK 400 million share buyback programme, also as part of the allocation of profit for 2026. This programme will be launched upon completion of the current programme and is expected to run until early October 2026. On 30 June 2026, a total of 484,400 shares had been bought back under the programmes, which the overview below shows. On 3 June 6, the bank’s actual share capital was thus DKK 23,799,150 in nom. DKK 1 shares: see below. Share capital/ Number of shares Beginning of 2026 25,391,697 Capital reduction completed -1,108,147 Number of shares after the capital reduction 24,283,550 Bought under the share buyback programmes by 30 June 2026: DKK 500 million – completed 5 May 2026 -315,600 DKK 400 million -168,800 Actual number of shares on 30 June 2026 23,799,150 In addition, share buyback programmes totalling DKK 539 million had not been used by 30 June 2026 and shares had not been bought for this amount by the end of the half-year, but the amount had already been deducted from the bank’s capital as of 30 June 2026. The Supervisory Diamond The bank complies with the Danish FSA’s Supervisory Diamond. The Supervisory Diamond contains four different benchmarks and associated limit values which Danish banks are expected to observe. The Supervisory Diamond benchmarks and limit values and the bank’s key figures are given in the following table. Benchmark Limit value 30 June 2026 30 June 2025 31 Dec. 2025 Liquidity benchmark >100% 212.2% 186.8% 171.6% Large exposures <175% 110.6% 117.6% 100.5% Growth in loans <20% 13.2% 9.3% 12.0% Real property exposure <25% 19.8% 18.8% 19.5% As shown above, the bank met all four current limit values by a good margin.
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 16 Management’s review Financial rating and ESG rating Ringkjøbing Landbobank is rated by the international credit rating agency Moody’s Investors Service (Moody’s Ratings). In a rating action dated 18 June 6, Moody’s Ratings reaffirmed the bank’s rating, including “Aa3” with stable outlook for both the long-term bank deposits and the long-term issuer rating. One of the world’s most used ESG rating agencies, MSCI, rates the bank in the environmental, social and governance (ESG) area. For ESG, the bank’s “AA” rating, the second-highest on MSCI’s scale, was most recently reaffirmed on 23 March 2026 following an update of MSCI’s rating methodology. Possible future designation as a SIFI As stated in the bank’s annual report for 5, the bank has in recent years gradually approached the threshold for SIFI designation. In June 2026, the Danish Financial Supervisory Authority notified the bank that it has passed the threshold for SIFI designation for the first time (calculated on the basis of year-end 2025 figures). A SIFI designation occurs when the bank is above the threshold for two consecutive years. Accordingly, if the bank is also above the threshold based on year-end 2026 figures, the bank will be designated a SIFI in June 2027. Over recent years, the bank has structured its organisation and applied costs and resources to prepare the bank organisationally and capital-wise for a future SIFI designation. Expected results for 2026 On 21 January 2026, the bank announced its initial expectations for 2026, which were net profit in the range DKK 2.0 - 2.4 billion. The bank today upwardly adjusted its expectations for 2026 to net profit in the range DKK 2.2 - 2.5 billion. The upward adjustment is based partly on the continued growth which means that total income for the year is expected to develop better than forecast at the beginning of the year, and partly on continued good credit quality and a loss and impairment level that has developed better than originally budgeted for 2026. The expectations for net profit for 2026 are subject to uncertainty and depend on developments in the financial markets and macroeconomic conditions. Accounting policies The accounting policies are unchanged relative to those in the submitted and audited 2025 annual report.
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 17 Management statement The board of directors and the general management have today discussed and approved the interim report of Ringkjøbing Landbobank A/S for the period 1 January to 30 June 2026. The interim report is drawn up in accordance with statutory requirements, including the provisions of the Danish Financial Business Act and other Danish disclosure requirements for listed financial companies. We consider the chosen accounting policies to be appropriate and the estimates made responsible, so that the interim report provides a true and fair view of the bank’s assets, liabilities and financial position as at 3 June 6 and of the result of the bank’s activities for the period 1 January to 3 June 6. We also believe that the management’s review contains a true and fair account of the development in the bank’s activities and financial circumstances as well as a description of the most important risks and uncertainties which can affect the bank. The interim report has not been audited or reviewed, but the bank’s external auditors have verified the profit by carrying out procedures corresponding to those required for a review and have thereby checked that the conditions for ongoing recognition of the profit for the period in the common equity tier 1 capital have been met. Ringkøbing, 5 August 2026 General management: John Fisker CEO Claus Andersen General Manager Jørn Nielsen General Manager Carl Pedersen General Manager Board of directors: Martin Krogh Pedersen Chair Jacob Møller Deputy Chair Morten Jensen Deputy Chair Jon Steingrim Johnsen Anne Kaptain Karsten Madsen Lone Rejkjær Söllmann Lene Weldum Lisa Munkholm Employee representative Nanna G. Snogdal Employee representative Martin Wilche Employee representative Finn Aaen Employee representative
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 18 Statements of income and comprehensive income Note no. H1 2026 DKK 1,000 H1 2025 DKK 1,000 Full year 2025 DKK 1,000 1 Interest income 1,688,041 1,693,026 3,296,641 2 Interest expenses 402,078 418,642 772,388 Net interest income 1,285,963 1,274,384 2,524,253 Dividends from shares etc. 55,812 137,282 227,712 3 Fee and commission income 674,822 615,585 1,229,924 3 Fee and commission expenses 53,921 50,901 109,977 Net interest and fee income 1,962,676 1,976,350 3,871,912 4 Value adjustments +151,359 +108,516 +241,210 Other operating income 39 378 1,298 5,6 Staff and administration expenses 547,251 525,813 1,064,284 Amortisation, depreciation and write-downs on intangible and tangible assets 16,783 17,468 34,594 Other operating expenses 893 408 408 7,11 Impairment charges for loans and other receivables etc. +30,629 +24,473 +41,357 Results from investments in associated companies and subsidiaries +3,081 0 -56 Profit before tax 1,582,857 1,566,028 3,056,435 8 Tax 389,289 374,872 743,024 Net profit 1,193,568 1,191,156 2,313,411 Other comprehensive income 0 0 0 Total comprehensive income for the period 1,193,568 1,191,156 2,313,411
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 19 Balance sheet Note no. 30 June 2026 DKK 1,000 30 June 2025 DKK 1,000 31 December 2025 DKK 1,000 Assets Cash in hand and demand deposits with central banks 4,133,641 5,076,503 5,163,919 9 Receivables from credit institutions and central banks 1,709,384 301,767 255,961 10,11,12 Total loans and other receivables at amortised cost 64,855,246 57,306,234 62,553,036 13 Bonds at fair value 8,120,789 7,383,122 7,082,864 14 Shares etc. 1,594,207 1,500,739 1,549,919 Investments in associated companies 470 465 470 Investments in subsidiaries 0 12,080 12,019 15 Assets linked to pooled schemes 8,534,765 7,156,473 7,740,568 16 Intangible assets 963,389 982,898 973,143 Total land and buildings 208,465 217,443 212,510 Investment properties 829 829 829 Domicile properties 187,411 189,041 187,945 Domicile properties (leasing) 20,225 27,573 23,736 Other tangible assets 17,693 16,734 16,098 Current tax assets 0 409,584 69,345 Deferred tax assets 8,840 9,261 3,377 Temporary assets 100 100 100 Other assets 747,669 670,037 654,672 Prepayments 21,658 21,784 20,718 Total assets 90,916,316 81,065,224 86,308,719
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 20 Balance sheet Note no. 30 June 2026 DKK 1,000 30 June 2025 DKK 1,000 31 December 2025 DKK 1,000 Liabilities and equity 17 Debt to credit institutions and central banks 1,163,344 2,997,076 2,658,167 Total deposits and other debt 65,021,778 58,323,280 61,337,515 18 Deposits and other debt 56,487,013 51,166,807 53,596,947 15 Deposits in pooled schemes 8,534,765 7,156,473 7,740,568 19 Issued bonds at amortised cost 8,017,660 5,788,809 6,780,930 Preferred senior capital 2,556,595 1,087,676 2,004,493 Non-preferred senior capital 5,461,065 4,701,133 4,776,437 Current tax liabilities 161,531 0 0 Other liabilities 1,795,386 956,774 813,589 Deferred income 104 57 64 Total debt 76,159,803 68,065,996 71,590,265 11 Provisions for losses on guarantees 58,525 30,752 56,160 11 Other provisions for liabilities 44,812 30,029 36,235 Total provisions for liabilities 103,337 60,781 92,395 Tier 2 capital 3,033,651 1,728,426 3,058,101 20 Total subordinated debt 3,033,651 1,728,426 3,058,101 21 Share capital 24,284 25,392 25,392 Net revaluation reserve under the equity method 119 472 416 Retained earnings 11,595,122 11,184,157 11,235,450 Proposed dividend etc. - - 306,700 Total shareholders’ equity 11,619,525 11,210,021 11,567,958 Total liabilities and equity 90,916,316 81,065,224 86,308,719 22 Own shares 23 Contingent liabilities etc. 24 Assets provided as security Credit risk 25 Loans and guarantees in percent, by sector and industry 26 Loans, guarantees and unutilised credit facilities and credit undertakings by credit quality and IFRS 9 stages (before impairment and provisions), and impairment charges by stages 27 Miscellaneous information
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 21 Statement of changes in equity DKK 1,000 Share capital Net revaluation reserve under the equity method Retained earnings Proposed dividend etc. Total shareholders’ equity At 30 June 2026: Shareholders’ equity at the end of the previous financial year 25,392 416 11,235,450 306,700 11,567,958 Comprehensive income Net profit for the period -297 1,193,865 1,193,568 Total comprehensive income 0 -297 1,193,865 0 1,193,568 Transactions with shareholders Reduction of share capital -1,108 1,108 0 Dividend etc. paid -306,700 -306,700 Dividend received on own shares 14,686 14,686 Purchase of own shares -1,430,403 -1,430,403 Sale of own shares 559,968 559,968 Other equity transactions (employee shares) 20,448 20,448 Total transactions with shareholders -1,108 0 -834,193 -306,700 -1,142,001 Shareholders’ equity on the balance sheet date 24,284 119 11,595,122 0 11,619,525 At 30 June 2025: Shareholders’ equity at the end of the previous financial year 26,707 472 10,711,317 295,774 11,034,270 Comprehensive income Net profit for the period 1,191,156 1,191,156 Total comprehensive income 0 0 1,191,156 0 1,191,156 Transactions with shareholders Reduction of share capital -1,315 1,315 0 Dividend etc. paid -295,774 -295,774 Dividend received on own shares 16,145 16,145 Purchase of own shares -1,723,803 -1,723,803 Sale of own shares 967,415 967,415 Other equity transactions (employee shares) 20,612 20,612 Total transactions with shareholders -1,315 0 -718,316 -295,774 -1,015,405 Shareholders’ equity on the balance sheet date 25,392 472 11,184,157 0 11,210,021 At 31 December 2025: Shareholders’ equity at the end of the previous financial year 26,707 472 10,711,317 295,774 11,034,270 Comprehensive income Net profit for the year -56 2,006,767 306,700 2,313,411 Total comprehensive income 0 -56 2,006,767 306,700 2,313,411 Transactions with shareholders Reduction of share capital -1,315 1,315 0 Dividend etc. paid -295,774 -295,774 Dividend received on own shares 16,145 16,145 Purchase of own shares -2,957,790 -2,957,790 Sale of own shares 1,421,104 1,421,104 Other equity transactions (employee shares) 36,592 36,592 Total transactions with shareholders -1,315 0 -1,482,634 -295,774 -1,779,723 Shareholders’ equity on the balance sheet date 25,392 416 11,235,450 306,700 11,567,958
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 22 Statement of capital 30 June 2026 DKK 1,000 30 June 2025 DKK 1,000 31 December 2025 DKK 1,000 Credit risk 55,353,440 51,719,108 52,537,855 Market risk 1,350,239 1,378,571 1,256,911 Operational risk 4,587,849 4,198,979 4,587,849 Total risk exposure 61,291,528 57,296,658 58,382,615 Shareholders’ equity 11,619,525 11,210,021 11,567,958 Proposed dividend etc. - - -306,700 Deduction for expected distributions -161,017 -512,197 - Deduction for insufficient coverage of non-performing exposures -21,815 -19,953 -34,232 Deduction for the sum of equity investments etc. above 10% 0 -72,092 0 Deduction for prudent valuation -18,817 -16,605 -16,815 Deduction for intangible assets -963,389 -982,898 -973,143 Deferred tax on intangible assets 4,584 9,892 7,980 Deferred tax on tangible assets etc. -13,424 -19,153 -11,357 Deduction of amount of share buyback programme -1,300,000 -1,500,000 -2,000,000 Actual utilisation of amount of share buyback programme 748,230 635,271 1,399,565 Deduction for trading limit for own shares -15,000 -15,000 -15,000 Deduction for indirect ownership of own shares -24,952 -33,235 -25,530 Common equity tier 1 9,853,925 8,684,051 9,592,726 Tier 1 capital 9,853,925 8,684,051 9,592,726 Tier 2 capital 3,033,651 1,730,598 3,058,101 Deduction for the sum of equity investments etc. above 10% 0 -29,474 0 Total capital 12,887,576 10,385,175 12,650,827 Non-preferred senior capital 5,536,652 4,785,410 4,854,644 MREL subordinated capital 18,424,228 15,170,585 17,505,471 Recognised contractual senior capital 796,790 528,423 525,444 MREL capital 19,221,018 15,699,008 18,030,915 Common equity tier 1 capital ratio (%) 16.1 15.2 16.4 Tier 1 capital ratio (%) 16.1 15.2 16.4 Total capital ratio (%) 21.0 18.1 21.7 MREL subordination ratio (%) 30.1 26.5 30.0 MREL capital ratio (%) 31.4 27.4 30.9 Pillar I capital requirements 4,903,322 4,583,733 4,670,609 Subordination requirement (%) fixed by the Danish FSA incl. buffers 23.3 23.7 23.7 Excess cover (pp) relative to subordination requirement incl. buffers 6.8 2.8 6.3 MREL requirement (%) fixed by the Danish FSA 19.1 18.9 18.9 Excess cover (pp) relative to MREL requirement 12.3 8.5 12.0 MREL requirement (%) fixed by the Danish FSA including buffers 24.6 24.6 24.6 Excess cover (pp) relative to MREL requirement including buffers 6.8 2.8 6.3 Individual solvency requirement (%) 9.1 8.9 8.9 Capital conservation buffer (%) 2.5 2.5 2.5 Countercyclical buffer (%) 2.3 2.3 2.3 Sector-specific systemic buffer (%) 0.7 0.9 0.9 Total requirement for the bank’s total capital (%) 14.6 14.6 14.6 Excess cover (pp) relative to individual solvency requirement 11.9 9.2 12.8 Excess cover (pp) relative to total requirement for total capital 6.4 3.5 7.1
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 23 Notes Note no. H1 2026 DKK 1,000 H1 2025 DKK 1,000 Full year 2025 DKK 1,000 1 Interest income Receivables from credit institutions and central banks 34,684 63,283 102,340 Loans and other receivables 1,522,715 1,531,272 2,977,645 Loans – interest on the impaired part of loans -22,018 -25,375 -48,904 Bonds 105,941 103,948 210,996 Total derivative financial instruments 46,717 19,855 50,679 of which currency contracts – net 39,298 8,999 34,202 of which interest-rate contracts – net 7,419 10,856 16,477 Other interest income 2 43 3,885 Total interest income 1,688,041 1,693,026 3,296,641 of which interest income from collateralised repurchase agreements/ reverse repo transactions booked under the item “Loans and other receivables” 864 0 0 2 Interest expenses Debt to credit institutions and central banks 19,986 19,154 35,099 Deposits and other debt 179,573 241,497 414,173 Issued bonds 143,149 115,646 222,885 Subordinated debt 58,488 41,636 91,488 Other interest expenses 882 709 8,743 Total interest expenses 402,078 418,642 772,388 3 Gross fee and commission income Securities trading 128,286 108,336 209,972 Asset management and custody accounts 151,703 139,796 280,473 Payment handling 108,879 103,845 209,652 Loan fees 51,045 47,388 99,353 Guarantee commission and mortgage credit commission etc. 145,177 143,763 287,293 Pension and insurance commission 64,649 49,315 99,328 Other fees and commission 25,083 23,142 43,853 Total gross fee and commission income 674,822 615,585 1,229,924 Net fee and commission income Securities trading 120,871 101,047 195,895 Asset management and custody accounts 140,865 129,359 260,717 Payment handling 83,997 80,159 153,404 Loan fees 44,374 41,908 86,944 Guarantee commission and mortgage credit commission etc. 145,177 143,763 287,293 Pension and insurance commission 64,649 49,315 99,328 Other fees and commission 20,968 19,133 36,366 Total net fee and commission income 620,901 564,684 1,119,947 Foreign exchange income 71,523 67,604 131,600 Total net fee, commission and foreign exchange income 692,424 632,288 1,251,547
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 24 Notes Note no. H1 2026 DKK 1,000 H1 2025 DKK 1,000 Full year 2025 DKK 1,000 4 Value adjustments Other loans and receivables 5,880 -3,429 -10,478 Bonds 9,888 -3,278 11,418 Shares etc. 68,769 48,761 101,101 Foreign exchange 71,523 67,604 131,600 Total derivative financial instruments -681 -13,391 4,969 of which currency contracts 2,632 -13,929 -3,853 of which interest-rate contracts -3,304 539 9,540 of which share contracts -9 -1 -718 Assets linked to pooled schemes 541,773 -105,082 252,427 Deposits in pooled schemes -541,773 105,082 -252,427 Issued bonds etc. -4,627 10,867 1,536 Tier 2 capital 607 1,382 1,064 Total value adjustments 151,359 108,516 241,210 The part of value adjustments relating to the fair value hedging accounts below is distributed as follows: Other loans and receivables -759 -3,151 -10,750 Bonds 2,297 -837 -3,833 Currency contracts 3,020 -14,714 -5,508 Interest-rate contracts -538 6,453 17,491 Issued bonds etc. -4,627 10,867 1,536 Tier 2 capital 607 1,382 1,064 Total effect of hedging on profit 0 0 0 5 Staff and administration expenses Total payments and fees to general management, board of directors and shareholders’ committee 16,789 15,601 31,986 General management 14,189 13,065 25,190 Board of directors 2,596 2,528 5,706 Shareholders’ committee 4 8 1,090 Total staff expenses 313,336 299,068 604,324 Salaries 241,855 229,910 465,946 Pensions 26,443 25,586 51,820 Social security expenses 3,298 3,582 79,613 Costs depending on number of staff 41,740 39,990 6,945 Other administration expenses 217,126 211,144 427,974 Total staff and administration expenses 547,251 525,813 1,064,284 6 Number of full-time employees Average number of employees during the period converted into full-time equivalents (FTE) 683 679 683 Number of full-time employees at the end of the period 682 686 688 7 Impairment charges for loans and other receivables etc. Net changes in impairment charges for loans and other receivables etc. and provisions for losses on guarantees and unutilised credit facilities +2,643 194 +1,586 Actual realised net losses +5,968 708 -9,133 Interest on the impaired part of loans +22,018 +25,375 +48,904 Total impairment charges for loans and other receivables etc. +30,629 +24,473 +41,357
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 25 Notes Note no. H1 2026 DKK 1,000 H1 2025 DKK 1,000 Full year 2025 DKK 1,000 8 Tax Tax calculated on income for the year 394,116 364,641 727,312 Adjustment of deferred tax -2,195 10,350 16,235 Adjustment of tax calculated for previous years -2,632 -119 -523 Total tax 389,289 374,872 743,024 Effective tax rate (%): Tax rate currently paid by the bank 22.0 22.0 22.0 Factor increase (extra tax imposed on financial undertakings) 4.0 4.0 4.0 Non-taxable income and non-deductible costs* -1.2 -2.1 -1.7 Adjustment regarding previous years etc. -0.2 0.0 0.0 Total effective tax rate 24.6 23.9 24.3 * Primarily value adjustment of and dividends from sector shares. 30 June 2026 30 June 2025 31 December 2025 DKK 1,000 DKK 1,000 DKK 1,000 9 Receivables from credit institutions and central banks On demand 1,709,384 301,767 255,961 Total receivables from credit institutions and central banks 1,709,384 301,767 255,961 10 Loans and other receivables at amortised cost On demand 10,815,686 11,037,695 10,786,201 Up to and including 3 months 5,160,485 4,480,662 2,489,647 More than 3 months and up to and including 1 year 9,190,680 8,260,147 11,622,286 More than 1 year and up to and including 5 years 19,392,403 15,975,153 17,082,455 More than 5 years 20,295,992 17,552,577 20,572,447 Total loans and other receivables at amortised cost 64,855,246 57,306,234 62,553,036 of which collateralised repurchase agreements/reverse repo transactions 0 0 0
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 26 Notes Note no. 11 Impairment charges for loans and other receivables and provisions for losses on guarantees, unutilised credit facilities and loan undertakings Impairment charges and provisions – by stages Stage 1 Stage 2 Stage 3 Total DKK 1,000 DKK 1,000 DKK 1,000 DKK 1,000 At 30 June 2026 Loans and other receivables at amortised cost 546,015 1,123,740 597,226 2,266,981 Guarantees 22,679 16,602 19,244 58,525 Unutilised credit facilities and loan undertakings 26,914 17,898 0 44,812 Total impairment charges and provisions by stages 595,608 1,158,240 616,470 2,370,318 of which management estimates 415,449 495,903 145,900 1,057,252 At 30 June 2025 Loans and other receivables at amortised cost 442,444 1,104,657 766,859 2,313,960 Guarantees 7,738 8,918 14,096 30,752 Unutilised credit facilities and loan undertakings 14,337 15,692 0 30,029 Total impairment charges and provisions by stages 464,519 1,129,267 780,955 2,374,741 of which management estimates 292,049 499,395 209,692 1,001,136 At 31 December 2025 Loans and other receivables at amortised cost 493,514 1,079,488 707,564 2,280,566 Guarantees 20,804 14,318 21,038 56,160 Unutilised credit facilities and loan undertakings 24,273 11,962 0 36,235 Total impairment charges and provisions by stages 538,591 1,105,768 728,602 2,372,961 of which management estimates 373,772 468,230 199,568 1,041,570 30 June 2026 30 June 2025 31 December 2025 DKK 1,000 DKK 1,000 DKK 1,000 The above includes the following stage 3 impairment charges and provisions taken over from Nordjyske Bank: Cumulative stage 3 impairment charges and provisions at the end of the previous financial year 59,680 73,637 73,637 Change during the period -3,457 -4,210 -13,957 Total stage 3 impairment charges and provisions taken over 56,223 69,427 59,680
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 27 Notes Note no. 11 Impairment charges for loans and other receivables and provisions for losses on guarantees, unutilised credit facilities and loan undertakings – continued Impairment charges and provisions Impairment charges etc. taken to income statement Stage 1 Stage 2 Stage 3 Total DKK 1,000 DKK 1,000 DKK 1,000 DKK 1,000 DKK 1,000 At 30 June 2026 Impairment charges and provisions at the end of the previous financial year 538,591 1,105,768 728,602 2,372,961 - Impairment charges and provisions for new exposures during the period, including new accounts for existing customers 118,859 62,544 52,253 233,656 233,656 Reversed impairment charges and provisions for repaid accounts -91,105 -84,966 -61,290 -237,361 -237,361 Migration of impairment charges and provisions at beginning of period to stage 1 191,786 -186,739 -5,047 0 - Migration of impairment charges and provisions at beginning of period to stage 2 -13,394 55,508 -42,114 0 - Migration of impairment charges and provisions at beginning of period to stage 3 -2,342 -21,365 23,707 0 - Impairment charges and provisions during the year resulting from credit risk change -146,787 227,490 -68,916 11,787 11,787 Previously written down, now definitively lost - - -10,725 -10,725 - Lost, not previously written down - - - - 3,474 Received on claims previously written off - - - - -20,167 Interest on the impaired part of loans - - - - -22,018 Total impairment charges and provisions 595,608 1,158,240 616,470 2,370,318 -30,629 of which regarding credit institutions etc. 1,168 0 0 1,168 291 At 30 June 2025 Impairment charges and provisions at the end of the previous financial year 463,388 1,177,521 733,637 2,374,546 - Impairment charges and provisions for new exposures during the period, including new accounts for existing customers 78,823 96,484 54,047 229,354 229,354 Reversed impairment charges and provisions for repaid accounts -64,102 -190,471 -54,731 -309,304 -309,304 Migration of impairment charges and provisions at beginning of period to stage 1 166,380 -158,185 -8,195 0 - Migration of impairment charges and provisions at beginning of period to stage 2 -17,976 33,725 -15,749 0 - Migration of impairment charges and provisions at beginning of period to stage 3 -777 -32,278 33,055 0 - Impairment charges and provisions during the year resulting from credit risk change -161,217 202,471 47,042 88,296 88,296 Previously written down, now definitively lost - - -8,151 -8,151 - Lost, not previously written down - - - - 2,842 Received on claims previously written off - - - - -10,286 Interest on the impaired part of loans - - - - -25,375 Total impairment charges and provisions 464,519 1,129,267 780,955 2,374,741 -24,473 of which regarding credit institutions etc. 1,142 0 0 1,142 569
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 28 Notes Note no. 11 Impairment charges for loans and other receivables and provisions for losses on guarantees, unutilised credit facilities and loan undertakings – continued Impairment charges and provisions – continued Impairment charges etc. taken to income statement Stage 1 Stage 2 Stage 3 Total DKK 1,000 DKK 1,000 DKK 1,000 DKK 1,000 DKK 1,000 At 31 December 2025 Impairment charges and provisions at the end of the previous financial year 463,388 1,177,521 733,637 2,374,546 - Impairment charges and provisions for new exposures during the period, including new accounts for existing customers 209,052 147,059 139,028 495,139 495,139 Reversed impairment charges and provisions for repaid accounts -118,567 -312,915 -93,607 -525,089 -525,089 Migration of impairment charges and provisions at beginning of period to stage 1 262,590 -253,259 -9,331 0 - Migration of impairment charges and provisions at beginning of period to stage 2 -24,023 80,288 -56,265 0 - Migration of impairment charges and provisions at beginning of period to stage 3 -902 -39,706 40,608 0 - Impairment charges and provisions during the year resulting from credit risk change -252,947 306,780 17,632 71,465 71,465 Previously written down, now definitively lost - - -43,100 -43,100 - Lost, not previously written down - - - - 10,715 Received on claims previously written off - - - - -44,683 Interest on the impaired part of loans - - - - -48,904 Total impairment charges and provisions 538,591 1,105,768 728,602 2,372,961 -41,357 of which regarding credit institutions etc. 877 0 0 877 304 30 June 2026 DKK 1,000 30 June 2025 DKK 1,000 31 December 2025 DKK 1,000 12 Suspended interest Loans and other receivables with suspended interest on the balance sheet date 127,700 168,740 132,070 13 Bonds at fair value Government bonds 31,980 0 0 Mortgage credit bonds 6,053,963 5,355,698 5,047,253 Other bonds 2,034,846 2,027,424 2,035,611 Total bonds at fair value 8,120,789 7,383,122 7,082,864 Bonds at fair value by rating classes Percent Percent Percent Aaa/AAA 73 73 70 Aa3/AA- 2 - - A1/A+ 6 2 2 A2/A 0 4 0 A3/A- 1 1 1 Baa1/BBB+ 1 0 0 Baa2/BBB 1 2 1 Baa3/BBB- 0 0 1 Not rated 16 18 25 Total 100 100 100 Ratings from the credit rating agencies Moody’s Ratings, Standard & Poor’s and Fitch were used in the breakdown. If an issue has more than one rating, the lowest is used.
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 29 Notes Note no. 30 June 2026 DKK 1,000 30 June 2025 DKK 1,000 31 December 2025 DKK 1,000 14 Shares etc. Listed on the stock exchange 99,670 67,934 93,566 Investment fund certificates 3,942 3,004 1,553 Unlisted shares at fair value 9,840 8,985 8,628 Sector shares at fair value 1,480,755 1,420,816 1,446,172 Total shares etc. 1,594,207 1,500,739 1,549,919 15 Assets linked to pooled schemes Cash deposits 24,619 20,279 46,667 Bonds: Other bonds 1,382,512 1,612,866 1,370,300 Total bonds 1,382,512 1,612,866 1,370,300 Shares: Other shares 556,207 317,623 526,238 Investment fund certificates 6,603,280 5,237,650 5,797,363 Total shares 7,159,487 5,555,273 6,323,601 Other items -31,853 -31,945 0 Total assets linked to pooled schemes 8,534,765 7,156,473 7,740,568 16 Intangible assets Goodwill Cost at the end of the previous financial year 923,255 923,255 923,255 Total cost on the balance sheet date 923,255 923,255 923,255 Total goodwill on the balance sheet date 923,255 923,255 923,255 Customer relationships Cost at the end of the previous financial year 195,088 195,088 195,088 Total cost on the balance sheet date 195,088 195,088 195,088 Amortisation at the end of the previous financial year 145,200 125,691 125,691 Amortisation for the period 9,754 9,754 19,509 Total amortisation on the balance sheet date 154,954 135,445 145,200 Total customer relationships on the balance sheet date 40,134 59,643 49,888 Total intangible assets on the balance sheet date 963,389 982,898 973,143 17 Debt to credit institutions and central banks On demand 22,666 855,654 946,761 Up to and including 3 months 373,717 759,152 1,066 More than 3 months and up to and including 1 year 406,698 751,047 1,120,343 More than 1 year and up to and including 5 years 79,808 320,064 294,125 More than 5 years 280,455 311,159 295,872 Total debt to credit institutions and central banks 1,163,344 2,997,076 2,658,167
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 30 Notes Note no. 30 June 2026 DKK 1,000 30 June 2025 DKK 1,000 31 December 2025 DKK 1,000 18 Deposits and other debt On demand* 40,687,164 37,316,593 39,530,804 Deposits and other debt with notice: Up to and including 3 months 6,791,062 4,886,433 5,283,875 More than 3 months and up to and including 1 year 3,384,159 4,559,065 3,913,089 More than 1 year and up to and including 5 years 2,524,237 1,010,016 1,718,650 More than 5 years 3,100,391 3,394,700 3,150,529 Total deposits and other debt 56,487,013 51,166,807 53,596,947 of which deposits covered by the Guarantee Fund 52.2% 54.5% 53.7% Distributed as follows: On demand 40,217,592 36,900,370 40,165,920 With notice 4,176,705 4,692,607 4,414,869 Time deposits 4,872,572 3,549,601 3,535,742 Long-term deposit agreements 2,763,580 1,783,212 2,224,422 Special types of deposits* 4,456,564 4,241,017 3,255,994 Total deposits and other debt 56,487,013 51,166,807 53,596,947 * Special types of deposits are entered under the item “On demand” pending payment whereas, in the breakdown of the different types of deposits, the sum is included under “Special types of deposit”. 19 Issued bonds at amortised cost More than 3 months and up to and including 1 year 0 222,039 223,596 More than 1 year and up to and including 5 years 7,141,443 4,886,389 5,870,315 More than 5 years 876,217 680,381 687,019 Total issued bonds at amortised cost 8,017,660 5,788,809 6,780,930 Distributed as follows: Preferred senior capital 2,563,356 1,098,881 2,012,939 Adjustment to amortised cost and fair value adjustment -6,761 -11,205 -8,446 Total preferred senior capital 2,556,595 1,087,676 2,004,493 Non-preferred senior capital 5,537,725 4,787,087 4,856,097 Adjustment to amortised cost and fair value adjustment -76,660 -85,954 -79,660 Total non-preferred senior capital 5,461,065 4,701,133 4,776,437 Total issued bonds at amortised cost 8,017,660 5,788,809 6,780,930 20 Subordinated debt Tier 2 capital: Floating-rate loan, principal of DKK 500 million, maturity date 12 January 2032 500,000 500,000 500,000 Floating-rate loan, principal of DKK 500 million, maturity date 1 September 2033 500,000 500,000 500,000 Floating-rate loan, principal of DKK 500 million, maturity date 22 January 2035 500,000 500,000 500,000 Floating-rate loan, principal of SEK 350 million, maturity date 1 April 2035 235,807 234,269 241,657 Floating-rate loan, principal of SEK 660 million, maturity date 8 July 2035 444,665 - 455,697 Floating-rate loan, principal of EUR 70 million, maturity date 4 February 2036 523,205 - 522,827 Floating-rate loan, principal of SEK 500 million, maturity date 4 February 2036 336,868 - 345,225 Adjustment to amortised cost and fair value adjustment -6,894 -5,843 -7,305 Total subordinated debt 3,033,651 1,728,426 3,058,101
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 31 Notes Note no. 30 June 2026 DKK 1,000 30 June 2025 DKK 1,000 31 December 2025 DKK 1,000 21 Share capital Number of DKK 1 shares Beginning of period 25,391,697 26,706,739 26,706,739 Cancelled during the period -1,108,147 -1,315,042 -1,315,042 End of period 24,283,550 25,391,697 25,391,697 of which reserved for subsequent cancellation 475,900 514,400 1,043,977 Total share capital 24,284 25,392 25,392 22 Own shares Own shares included in the balance sheet at 0 0 0 Market value 737,645 713,987 1,605,637 Number of own shares: Beginning of period 1,043,977 1,231,237 1,231,237 Purchased during the period 907,732 1,201,503 2,056,087 Sold during the period -367,662 -603,298 -928,305 Cancelled during the period -1,108,147 -1,315,042 -1,315,042 End of period 475,900 514,400 1,043,977 of which reserved for subsequent cancellation 475,900 514,400 1,043,977 Nominal value of holding of own shares, end of period 476 514 1,044 Own shares’ proportion of share capital, end of period (%) 2.0 2.0 4.1 23 Contingent liabilities etc. Contingent liabilities Financial guarantees 5,084,611 4,071,530 4,502,057 Guarantees against losses on mortgage credit loans 1,155,054 1,262,773 1,223,403 Registration and refinancing guarantees 1,848,014 2,148,086 2,451,479 Sector guarantees 94,676 108,764 94,676 Other contingent liabilities 493,811 502,283 438,557 Total contingent liabilities 8,676,166 8,093,436 8,710,172 Other contractual obligations Irrevocable credit undertakings etc. 181,345 145,173 168,838 Total other contractual obligations 181,345 145,173 168,838 24 Assets provided as security First-mortgage loans are provided for renewable energy projects. The loans are funded directly by KfW Bankengruppe, to which security in the associated loans has been provided. Each reduction of the first-mortgage loans is deducted directly from the funding at KfW Bankengruppe. The balance sheet item is 393,244 649,232 591,064 Collateral under CSA agreements etc. 58,839 159,621 76,245
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 32 Notes Note no. 25 Loans and guarantees by sector and industry 30 June 2026 30 June 2025 31 December 2025 DKK million % DKK million % DKK million % Public authorities 7.4 0.0 7.9 0.0 10.0 0.0 Business customers: Agriculture, hunting and forestry Cattle farming etc. 518.0 0.7 547.8 0.8 502.2 0.7 Pig farming etc. 734.4 1.0 738.2 1.1 695.9 1.0 Crop farming 2,962.0 4.0 2,720.8 4.2 2,985.9 4.2 Other agriculture, hunting and forestry 1,056.4 1.4 806.9 1.2 906.7 1.3 Fisheries 671.6 0.9 695.8 1.1 645.4 0.9 Industry and raw materials extraction 3,263.3 4.4 2,893.7 4.4 3,227.1 4.5 Energy supply Renewable energy 4,719.8 6.4 4,080.8 6.3 4,855.4 6.8 Other energy supply 451.4 0.6 372.8 0.6 261.8 0.4 Building and construction 1,169.2 1.6 978.0 1.5 1,131.5 1.6 Trade 2,601.0 3.5 2,397.9 3.7 2,522.2 3.5 Transport, hotels and restaurants 1,328.4 1.8 1,143.4 1.8 1,266.2 1.8 Information and communication 474.5 0.7 353.5 0.5 489.7 0.7 Finance and insurance 9,890.6 13.5 9,375.9 14.3 9,089.9 12.8 Real property Real property financing without prior creditors 11,717.8 16.0 9,154.4 14.0 10,962.2 15.4 Other real property financing 2,848.6 3.9 3,151.2 4.8 2,892.1 4.1 Other business customers 3,814.3 5.2 3,228.8 4.9 3,865.8 5.4 Total business customers 48,221.3 65.6 42,639.9 65.2 46,300.0 65.1 SMEs’ share of this (in percentage points) 37,074.0 50.5 33,655.2 51.5 35,761.8 50.2 Private individuals 25,244.2 34.4 22,721.1 34.8 24,897.0 34.9 Total 73,472.9 100.0 65,368.9 100.0 71,207.0 100.0
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 33 Notes Note no. 26 Loans, guarantees and unutilised credit facilities and credit undertakings by credit quality and IFRS 9 stages (before impairment and provisions), and impairment charges by stages Stage 1 Stage 2 Stage 3 Credit-impaired on initial recognition Total Total DKK 1,000 DKK 1,000 DKK 1,000 DKK 1,000 DKK 1,000 % At 30 June 2026 Credit quality* High 82,220,108 75,529 0 0 82,295,637 78.4 Medium 14,085,489 2,242,162 0 0 16,327,651 15.6 Low 875,902 4,285,193 0 0 5,161,095 4.9 Credit-impaired - - 1,059,209 80,507 1,139,716 1.1 Total 97,181,499 6,602,884 1,059,209 80,507 104,924,099 100.0 Percent 92.6 6.3 1.0 0.1 100.0 of which loans 60,679,035 5,388,177 977,540 77,475 67,122,227 Percent 90.4 8.0 1.5 0.1 100.0 Impairment charges etc. Individual 843,550 35.6 Model-calculated 469,516 19.8 Management estimates 1,057,252 44.6 Total 595,608 1,158,240 560,247 56,223 2,370,318 100.0 At 30 June 2025 Credit quality* High 70,374,135 106,388 0 0 70,480,523 76.3 Medium 11,754,970 2,760,714 0 0 14,515,684 15.7 Low 1,585,224 4,377,729 0 0 5,962,953 6.5 Credit-impaired - - 1,255,100 119,059 1,374,159 1.5 Total 83,714,329 7,244,831 1,255,100 119,059 92,333,319 100.0 Percent 90.7 7.8 1.4 0.1 100.0 of which loans 52,687,233 5,702,751 1,115,776 114,435 59,620,195 Percent 88.4 9.5 1.9 0.2 100.0 Impairment charges etc. Individual 851,109 35.8 Model-calculated 522,496 22.0 Management estimates 1,001,136 42.2 Total 464,519 1,129,267 711,528 69,427 2,374,741 100.0 At 31 December 2025 Credit quality* High 77,717,595 80,542 0 0 77,798,137 78.7 Medium 11,655,883 2,298,948 0 0 13,954,831 14.1 Low 1,286,632 4,744,823 0 0 6,031,455 6.1 Credit-impaired - - 1,021,184 88,501 1,109,685 1.1 Total 90,660,110 7,124,313 1,021,184 88,501 98,894,108 100.0 Percent 91.7 7.2 1.0 0.1 100.0 of which loans 57,864,896 5,942,063 941,787 84,856 64,833,602 Percent 89.2 9.2 1.4 0.1 100.0 Impairment charges etc. Individual 834,198 35.2 Model-calculated 497,193 21.0 Management estimates 1,041,570 43.8 Total 538,591 1,105,768 668,922 59,680 2,372,961 100.0
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 34 Notes Note no. 26 Loans, guarantees and unutilised credit facilities and credit undertakings by credit quality and IFRS 9 stages (before impairment and provisions), and impairment charges by stages – continued * The categories high, medium and low credit quality do not translate directly into the Danish FSA’s rating classes but, as a rule, high credit quality can be viewed as FSA rating classes 3 and 2a, medium credit quality as the best part of FSA rating class 2b, while low credit quality covers the rest of FSA rating classes 2b and 2c as well as the customers with objective evidence of impairment where losses are not expected in the most probable scenario. Credit-impaired exposures are those where losses are expected in the most probable scenario and which are thus placed in either stage 3 or credit-impaired on initial recognition. The bank applies internal models to assess the credit quality of its exposures. The models used for retail customers and small business customers are based on information relating to the customer’s net worth, leverage, disposable income, as well as a range of behavioural data. The models applied to larger corporate customers are primarily based on information regarding the customer’s solvency and earnings capacity. During the second quarter of 2026, the bank implemented a new statistical model for the assessment of retail and corporate customers for whom updated financial information is not available. The implementation of this model resulted in a minor shift in the bank’s exposure distribution during the quarter, primarily towards customers classified as having medium credit quality. Consequently, the proportion of exposures classified as medium credit quality increased from 14.8% in the first quarter of 2026 to 15.6% in the second quarter of 2026. 27 Miscellaneous information The cost/income ratio on page 7 and core earnings and net profit per DKK 1 share on page 9 are stated for the “old” Ringkjøbing Landbobank up to and including 2017, pro forma for 2018 (as if the merger had taken effect on 1 January 2018) and for the merged bank from 2019. 30 June 2026 30 June 2025 31 December 2025 Basis of calculation, number of shares 23,807,650 24,877,297 24,347,720
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 35 Key figures H1 2026 H1 2025 Full year 2025 Summary of income statement (DKK million) Net interest income 1,286 1,274 2,524 Dividends from shares etc. 56 137 228 Net fee and commission income 621 565 1,120 Net interest and fee income 1,963 1,976 3,872 Value adjustments +151 +109 +241 Other operating income 0 0 1 Staff and administration expenses 547 526 1,064 Amortisation, depreciation and write-downs on intangible and tangible assets 17 17 35 Other operating expenses 1 0 0 Impairment charges for loans and receivables etc. +31 +24 +41 Results from investments in associated companies and subsidiaries +3 0 0 Profit before tax 1,583 1,566 3,056 Tax 389 375 743 Net profit 1,194 1,191 2,313 30 June 2026 30 June 2025 31 December 2025 Balance sheet key figures (DKK million) Loans and other receivables at amortised cost 64,855 57,306 62,553 Deposits and other debt including pooled schemes 65,022 58,323 61,338 Subordinated debt 3,034 1,728 3,058 Equity 11,620 11,210 11,568 Balance sheet total 90,916 81,065 86,309
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 36 T e Danis FSA’s ffi ial key figures rati s et . f r Danis banks 30 June 2026 30 June 2025 31 December 2025 Capital ratios: Tier 1 capital ratio % 16.1 15.2 16.4 Total capital ratio % 21.0 18.1 21.7 MREL subordination ratio % 30.1 26.5 30.0 MREL capital ratio % 31.4 27.4 30.9 Earnings: Return on equity before tax % 13.7 14.1 27.0 Return on equity after tax % 10.3 10.7 20.5 Return on tangible equity after tax (ROTE) % 11.2 11.8 22.4 Income/cost ratio DKK 3.96 4.02 3.89 Cost/income ratio % 26.2 25.6 26.4 Return on assets % 1.3 1.5 2.7 Market risk: Interest rate risk % 0.7 0.8 0.6 Foreign exchange position % 0.2 2.1 2.8 Foreign exchange risk % 0.1 0.1 0.1 Liquidity risk: Liquidity Coverage Ratio (LCR) % 212.2 208.7 180.3 Net Stable Funding Ratio (NSFR) % 117.5 119.7 114.4 Loans and impairments thereon relative to deposits % 103.2 102.2 105.7 Credit risk: Loans relative to shareholders’ equity 5.6 5.1 5.4 Growth in loans % 3.7 2.6 12.0 Total large exposures (<175%) % 110.6 117.6 100.5 Cumulative impairment ratio % 3.1 3.5 3.2 Impairment ratio % -0.04 -0.04 -0.06 Proportion of receivables at reduced interest % 0.2 0.2 0.2 Share return: Earnings per share 1/3 DKK 4,957 4,616 9,286 Book value per share 1/2 DKK 48,806 45,061 47,511 Dividend per share 1 DKK 0 0 1,200 Market price relative to earnings per share 1/3 31.3 30.1 16.6 Market price relative to book value per share 1/2 3.2 3.1 3.2 1 Calculated on the basis of a denomination of DKK 100 per share. 2 Calculated on the basis of number of shares in circulation at the end of the period. 3 Calculated on the basis of the average number of shares. The average number of shares is calculated as a simple average of the shares at the beginning and the end of the period.
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 37 T e bank’s bran es
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Rin g k j ø b i n g L an d b ob a n k A / S Pag e 38 T e bank’s bran es Ringkjøbing Landbobank A/S Torvet 1 6950 Ringkøbing, Denmark Phone: +45 9732 1166 Email: post@rlb.dk Web: www.rlb.dk/en CVR no.: 37536814