Sydbank’s profit after tax for the first half of 2025 has decreased to 1.212 billion kroner, a reduction 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. This decrease largely accounts for the overall profit reduction during the period.

While the bank experienced slight increases in fee income and income from mortgage loan brokerage and asset management, basic costs rose by 106 million kroner to 1.765 billion kroner.

CEO Mark Luscombe commented that despite the expected fall in net interest rates, the bank maintains a satisfactory basic earnings level due to increased activity and progress in other basic earnings, demonstrating the strength of its core business.