Sydbank’s profit after tax for the first half of 2025 reached 1.212 billion kroner, a decrease of 412 million kroner compared to the same period last year. This decline is primarily attributed to lower net interest income.

Net interest income fell by 408 million kroner, from 2.257 billion kroner in the first six months of 2024. The decrease in net interest income largely accounts for the total decrease in profit during the period.

The bank experienced a slight increase in fee income and income from mortgage loan brokerage and asset management. However, basic costs rose by 106 million kroner to 1.765 billion kroner.

CEO Mark Luscombe commented that the bank’s core business remains strong, citing increased activity and progress in other basic earnings that contribute to maintaining satisfactory basic earnings despite the expected fall in net interest rates.