FYNBKNasdaq CopenhagenBanks - RegionalIFRS · DKK

FYNSKE BANK A/S

FYNSKE BANK A/S is a Danish regional commercial bank headquartered in Svendborg, Denmark. It provides retail and business banking services, including deposits, lending, payments, and related financial products to customers primarily in its local market.

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Net income124m DKK
−21.1 %y/y
Free cash flow587m DKK
+220.5 %y/y

Fiscal year 2024 · change from previous year

Development 2023–2024

01m DKK20232024
RevenueOperating profit (EBIT)
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Business

Share of revenue

{"• Retail banking and personal accounts","• SME and business lending","• Mortgages and property financing","• Deposits, savings, and payment services","• Treasury, guarantees, and banking advisory"}

Retail banking35 %

Accounts, payments, savings, cards, and everyday banking services for private customers.

Business banking30 %

Lending, cash management, and banking services for small and mid-sized companies.

Mortgage and property finance20 %

Residential and commercial property-related financing and credit products.

Fees and advisory15 %

Service fees, guarantees, advisory support, and other banking income.

Customers

The bank serves private individuals and households that need day-to-day banking, savings, mortgages, and personal lending. It also serves local and regional businesses, especially SMEs, that use the bank for working-capital facilities, investment loans, guarantees, and payment services. Its customer base is anchored in the Danish local economy, where relationship banking and proximity to branch staff matter.

Private customers

Individuals and households buying everyday banking, savings, mortgages, and consumer credit.

SMEs and local businesses

Small and mid-sized enterprises buying lending, guarantees, payments, and liquidity services.

Property finance customers

Homebuyers and property owners needing residential and commercial financing.

Strategy

The bank's strategic position is built around local relationship banking, serving households and businesses with proximity-based credit decisions and recurring customer relationships. Its competitive relevance depends on maintaining strong credit discipline, attracting stable deposits, and offering a broad enough product set to retain customers over time. In a smaller regional bank model, trust, local knowledge, and efficient risk management are central to long-term positioning.

Strengthen local relationship bankingMedium term

Regional banks compete on trust, service, and customer proximity rather than scale alone.

Preserve credit quality and risk controlShort term

Loan performance is central to a bank's balance sheet and earnings stability.

Grow stable funding and customer stickinessMedium term

Deposit funding and primary account relationships support funding stability and cross-sell potential.

Geography

FYNSKE BANK A/S is based in Denmark and operates as a locally focused bank from Svendborg. Its business is concentrated in Danish communities, where regional presence and customer relationships are central to lending and deposit gathering. The report excerpt does not disclose a wider international footprint, which is consistent with a domestic retail and SME banking model.

Risks

As a bank, FYNSKE BANK is exposed to credit losses, borrower-specific stress, and broader changes in the Danish economy that affect households and SMEs. The annual report also highlights management judgment in IFRS 9 impairment estimates, including model uncertainty and additional overlays, which can materially affect loan-loss provisions and reported earnings. Like other regional lenders, it is also exposed to interest-rate, liquidity, and fair-value risks in its funding and investment portfolios.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Loan impairment and credit deterioration1IFRS 9 model uncertainty and management overlays2Macroeconomic and borrower stress in Denmark3Interest-rate and liquidity management4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Loan impairment and credit deteriorationImpact: HighLikelihood: High

    The bank lends to households and SMEs, so borrower stress can increase defaults and provisions.

    Exposure: Retail and business loan book

  2. IFRS 9 model uncertainty and management overlaysImpact: HighLikelihood: High

    The report notes additional management estimates to cover risks not captured by model-based provisions.

    Exposure: Impairment charges and earnings

  3. Macroeconomic and borrower stress in DenmarkImpact: MediumLikelihood: Medium

    A regional bank's customers are tied to local employment, property markets, and domestic demand.

    Exposure: SME and household portfolio

  4. Interest-rate and liquidity managementImpact: MediumLikelihood: Medium

    Bank profitability and funding costs depend on deposit behavior, asset yields, and maturity matching.

    Exposure: Balance sheet and treasury

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Accounting

Judgemental items
IFRS 9 expected credit losses

Loan provisions depend on probability-of-default, loss-given-default, and macro scenarios.

Impact: Can materially change impairment expense and profit

Management overlays and model uncertainty

The report describes additional provisions to cover risks not captured by the model.

Impact: Adds judgment to reported credit loss levels

Fair value of securities

Sector shares and other financial instruments may be measured at fair value.

Impact: Can create mark-to-market volatility

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Last updated: 24/10/2026