Investor Presentaiton
Investor Presentation - First quarter 2023
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Danske Bank
Highlights strong execution and financial performance in Q1 led to 13 April profit
upgrade for 2023
Strong start to the year a testament to the value of Danske Bank's
diversified business model underpinned by consistently improved
PBI across business units and high customer activity
✓ Fortress balance sheet, with elevated and stable deposits, and an
LCR of 169%, enabling Danske to support our clients as they
navigate through times of uncertainties
✓ Underlying cost progress in line with targets and further
supporting C/I ratio
✓ Solid capitalisation on the back of prudent capital management
with CET1 ratio at 18%
✔ Strong credit quality as customers' financial position remain sound
in the current macro environment
NII (DKK bn)
DKK 11 bn [+22% Y/Y)
Core banking income (NII + fee]
Strong trading income at LC&I
DKK 1.2bn a multiperiod high
Costs of DKK 6.3bn
as efficiency gains continue
Strong credit quality leading to just
DKK 147m in impairments
(~3bps YTD annualised)
7.4
+8%
8.0
Deposits (DKK bn]
Personal Customers
BC & LC&I
674.7
657.5
411.3
410.8
0422
0123
0422 0123
0422 Q123
+
+
+
Commercial execution continues
[PC customer traction & revamped Global Private
Banking)
CET1 ratio 18% & LCR of 169%
highlighting balance sheet strength
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