Investor Presentaiton
Investor Presentation - First quarter 2023
Danske Bank
Fees: Resilient fee income despite lower housing market activity and investment fees
impacted by lower AuM
Highlights
Activity-driven fees (transfers, accounts etc.)
Resilient income supported by good activity in everyday
banking services, such as cash management continuing
the positive trend from recent quarters, but also higher
income from service fees at BC due to repricing
Lending and guarantee fees
Y/Y: Lower income from slowdown in housing market as
well as reduced remortgaging activity
Q/Q: refinancing auctions in Q1 helped mitigate decline in
income due to slowdown housing market activity
Capital markets fees
Financial markets volatility adversely impacted customer
activity in especially ECM, despite gradual pick-up in DCM
Net fee income (DKK m)
3,379
19
-160
-32
-252
2,954
0122
Activity-driven
Lending &
guarantees
Capital Markets
Investment fees
01-23
3,054
4
-32
-24
-49
2,954
Investment fees
➤ Y/Y: Investment fees impacted by reduced customer
activity and lower assets under management
Assets under management increased 2% 0/0
0422
Activity-driven
Lending &
guarantees
Capital Markets
Investment fees
01-23
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