rlb

Denmark · rlb.dk · 4 vendors

Resilience scores

Technology vendors

Insights

Last updated 2026-09-18 · revision 2

4 direct vendors, 117 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 5/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

The company demonstrates medium migration readiness, primarily hindered by significant data gaps. A major challenge is the complete absence of information regarding the internal tech stack (e.g., cloud-native vs. legacy, containerization, microservices), which is crucial for determining the complexity and effort required for any migration. Similarly, there is no data on financial stability (revenue concentration, growth history) to assess the company's capacity to fund a migration initiative. While the data residency requirements are 'Not specified,' which could be an opportunity if there are no strict rules, it also means potential unknown constraints. Regarding vendor relationships, there is a contradiction in the data where 'Total Vendors: 0' is listed alongside details of 'Total Services: 4' and geographically diverse vendor countries (United States, Denmark, Canada). Assuming vendor relationships exist as indicated by the latter, the geographic diversity of the vendor base is a positive factor that could reduce vendor-related geographic concentration risks during migration. However, the actual vendor lock-in risk remains 'Unknown,' and the exact number of vendors and contract complexities are not detailed. The lack of fundamental technical and financial data significantly impedes a clear path to migration.

Compliance

11 in-scope frameworks identified; showing 3.

ISAE 3000 (source) — Assessment Required

This is an assurance standard, not a regulation. It is used to provide an independent opinion on controls. Customers, particularly corporate clients, may request such a report to verify the bank's control environment.

An ISAE 3000 report provides assurance over non-financial information, such as GDPR or cybersecurity controls. Lacking such a report may require the bank to answer numerous individual client security questionnaires.

Evidence: https://www.rsm.global/denmark/en/service/isae-3000-assurance-reports, https://www.rismasystems.com/en/resources/articles/what-is-isae-3000-report

NIS2 (source) — Assessment Required

The bank falls under the 'Banking' sector, which is classified as an 'Essential Entity' under the NIS2 Directive. It is a large enterprise operating within the EU, meeting the criteria for applicability.

As an essential entity, a significant cybersecurity incident could disrupt financial services, causing economic damage and loss of customer trust. Fines for non-compliance are substantial, up to 2% of global turnover.

GDPR (source) — Partially Compliant

The bank is established in Denmark (EU/EEA) and processes the personal data of its employees and customers, making it directly subject to the General Data Protection Regulation.

Non-compliance can lead to fines of up to 4% of global turnover. As a bank, it processes large amounts of sensitive personal and financial data, making data protection a key risk.

Financials

Three-year financials

Financial Resilience Score: 9/10

Ringkjøbing Landbobank exhibits exceptional financial resilience for a European regional bank. Return on equity has held at 21-22% for three consecutive years (2023-2025), and the cost/income ratio of 26.4% is among the lowest in Danish banking, indicating outstanding operational efficiency. Net profit has nearly doubled from DKK 1,229M in 2021 to DKK 2,313M in 2025, while core income grew ~68% over the same period, largely driven by the higher Danish rate environment beginning in 2023. Credit quality is exceptionally strong: for three consecutive years, impairment charges have been a net income contributor rather than a cost, with DKK 41M of net impairment income in 2025. The bank continues to grow loans (+12% in 2025) and deposits (+8%), while returning substantial capital via a doubled share buyback programme (DKK 1,525M) and rising dividends (DKK 11/share proposed). Management guides FY2026 net profit of DKK 2.0-2.4B, signalling continued earnings stability. As Denmark's 4th largest financial institution by market capitalisation, RLB combines scale with niche expertise (wind-turbine finance, private banking, medical/dental practice financing). Key vulnerabilities are the interest-rate sensitivity now visible in flat 2025 core income growth (+0.5% vs. +34% in 2023), heavy geographic concentration in Denmark/Jutland, and the likelihood that the current run of negative impairment charges will normalise in a downturn.

Key strengths: ROE of 22.4% in 2025, sustained 21-22% for three years, Cost/income ratio of 26.4% - among lowest in Danish banking, Net profit nearly doubled 2021-2025 (+88%), Net impairment income (reversal) of DKK 41M in 2025 - strong credit quality, Loans +12% and deposits +8% in 2025, 4th largest Danish financial institution by market cap, Strong capital returns: DKK 11/share dividend + DKK 1,525M buyback, Guidance for 2026 net profit DKK 2.0-2.4B signals stability

Risk factors: Interest-rate sensitivity - core income growth flattened to +0.5% in 2025 as rates turn, Heavy geographic concentration in Jutland/Denmark, Niche-lending concentration (wind turbines, medical/dental), Negative impairment charges unlikely to persist through a downturn, Exposure to credit, market, liquidity and operational/IT/compliance risks

Revenue by geography

Workforce by country

Signed-in users can see whether their own company is exposed to this vendor's disruption, plus the full sub-vendor list and country breakdowns, every in-scope compliance framework plus gaps and next steps, and alerts when any of it changes.

View the full interactive report