Jyske Bank on Wednesday raised its full-year profit forecast for 2025, citing broad-based growth and favorable market conditions.
The Danish lender said it now expects a net profit of between 4.9 billion and 5.3 billion Danish kroner, up from a previous forecast of 3.8 billion to 4.6 billion kroner.
"Jyske Bank has had a strong start to the first three quarters of the year and has raised its expectations for 2025," CEO Lars Mørch said in a statement.
"The upgrade was boosted by a broadly based, positive development. We have seen the effect of favourable financial markets combined with continued solid credit quality, a high level of activity, particularly in asset management, and inflow of new customers in priority segments."
For the first nine months of the year, the bank's earnings per share rose 3% to 62.5 kroner compared to the same period in 2024.
The higher guidance comes despite a 4% fall in core income, which the company attributed to lower net interest income after Denmark's central bank decreased its policy rate.
The bank said the decline was partly offset by a 13% rise in net fee and commission income, driven by growth in its asset management business.
Jyske Bank also reported a small income from loan impairment charges, compared to a small expense a year earlier, reflecting what the company called a solid credit quality.
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Jyske Bank on Thursday raised its full-year profit forecast for 2025, citing broad-based growth and favorable market conditions.
Jyske Bank on Tuesday raised its full-year profit forecast, citing good business activity that helped offset a drop in income from lower interest rates.