Investor Presentation - First Nine Months 2022
Investor Presentation - First nine months 2022
Danske Bank
NII: Solid credit demand, positive effects from CB rate hikes, and repricing initiatives
continue to support the improving NII trend
Highlights
•
.
Net interest income continued the positive trend, as repricing initiatives were
further supported by higher central bank rates, and lending volumes
contributed positively YoY across all Nordic segments
Higher funding costs along with timing effects due to notice period in PC
impacted lending margin. Avg. lending margin in LC&I affected by volume
growth from higher rated customers coupled with timing effects from floored
credit facilities as rates have turned positive
Significant improvement in deposit margins in Q3
Net interest income, 0322 vs Q2 22 [DKK m)
Net interest income, YTD-22 vs YTD-21 (DKK m)
1,002
-1,199
16,515
-118
153
2,072
-320
-91
-267
17,746
9M21 Lending Lending
volume margin
Interest
related
fees
Deposit Deposit Internal
volume margin Bank/FTP
Other
FX + Day
effect
9M22
5,810
106
-475
16
----35
978
-149
6,307
-44
29
Q2 22
Lending Lending Interest
volume margin related
Deposit Deposit Internal
volume margin Bank/FTP
Other
FX + Day
effect
Q3 22
fees
Margin development (bp)
1.0
Personal Customers
Business Customers
LC&I
0.8
0.88
0.76
Deposit
0.6
0.48
0.4
0.38
0.23
0.40
0.26
0.38
0.2
0.18
0.0
0321
0421
Q122
Q222
0322
1.2 1
1.14
1.12
1.10
1.10
1.1
Lending
0.96
1.0
0.86
0.85
0.85
0.9
0.8
0.72
0.0°
0321
0421
Q122
Q222
0322
10View entire presentation