Investor Presentaiton
Investor Presentation - First quarter 2023
Danske Bank
Impairments: Strong credit quality with modest charges related to macro model
adjustments; prudent buffers remain in place to mitigate potential downturn tail risks
Highlights
Credit quality remains strong with limited signs of credit deterioration
and single-name impairment charges
As the macro scenarios have been updated to reflect the uncertainties,
the macro model charges resulted in additional DKK 0.2bn booked in 01
Total allowance account stands at DKK 19.7bn the healthy PMA buffer
was kept in place to mitigate any tail risks not evident in the portfolio or
captured by our macro models
Post Model Adjustments (PMAs)
Impairment charges by category (DKK bn]
4.3
Credit quality deterioration
PMAS
Macro models
Debt collection one-off
2.1
1.0
0.5
1.1
0.7
0.8
0.8
0.5
0.4
0.6
1.7
1.4
0.5
0.2
0.2
0.2
0.4
0.8
0.1
0.5
0.2:
-0.2,
-0.3
-0.5
-0.4
-0.6
-0.2
-0.9
-0.2
Q120
0220 Q320 0420 0121 Q221
0321
0421 0122 0222 0322 0422
0123
Allowance account by stages (DKK bn]
Stage 1 ECL
Stage 2 ECL
Stage 3 ECL
Stage 3 net exposure, % of total (rhs)
6.6
6.4
6.5
6.3
DKK bn
%
0.8
0.8
Agriculture
30
1.35
0.9
CRE
25
1.8
1.8
22.6
1.30
1.5
Construction &
21.9
4.0
20.4
2.3
Building materials
19.6
19.7
20
2.7
1.3
1.25
0.2
0.5
0.5
3.3
3.3
Oil & Gas
5.9
7.4
6.8
15
1.20
1.7
1.4
1.5
Personal Customers
8.1
8.4
10
Others
1.1
0.95
13.2
12.9
12.4
2.1
1.9
Model changes
5
8.3
8.1
0.9
0.00
2019
2020
2021
2022
Q123
2019
2020
2021
2022
Q123
32View entire presentation