Ringkjøbing Landbobank

Ringkjøbing Landbobank, headquartered in Ringkobing, is one of the top 10 banks in Denmark with total assets of DKK 68,979,581 million (about USD 10,196,548 million) and employs around 630 people. According to its financial report, the net interest income was DKK 1,677 million in 2022, an increase of 25% compared to DKK 1,343 million in 2021.

Ringkjøbing Landbobank is a Danish regional bank founded in 1886 in the town of Ringkøbing in western Jutland, Denmark. In the early years, the bank focused on providing financing to local farmers and small businesses. Over time, it expanded its operations to other parts of Jutland, and eventually throughout Denmark. In 1990, Ringkjøbing Landbobank merged with two other local banks, Fjends Bank and Struer Bank, to form Midtbank. However, the merger was unsuccessful, and the banks split up again in 1993. Ringkjøbing Landbobank resumed operations as an independent bank.

Recently, the bank also achieved some remarkable successes. In May 2022, the worldwide credit rating organization Moody's Investors Service rated the bank with Long Term Issuer Rating raised from "A1" to "Aa3". Moreover, the "Securities trading," "Asset management and custody accounts", and "Foreign exchange income" categories, in particular, have benefited from the bank's focus on the private banking sector. With the vision of becoming "A solid bank you can trust", it focuses on being transparent about its policies, fees, and practices, as well as securing its customers' personal and financial information.

Founded: 1886
Headquarters: Torvet 1 Ringkobing, 6950 Denmark
Website: https://www.landbobanken.dk/