Investor Presentaiton
Danske Bank
Investor Presentation - First quarter 2023
Business units: Solid progress, high customer activity, enhanced profitability, and strong
lending uplift Y/Y for corporates
Personal Customers
Business Customers
Net interest income increased 76% Y/Y driven by
normalisation of interest rates and repricing initiatives
New digital savings products launched to accommodate
demand in the new rate environment
✓ Healthy demand in PC DK for bank lending volumes up
8% Y/Y, driven mainly by Danske Bolig Fri
Lending volumes in NO, SE and FI affected by slowdown
in housing market and depreciation of currencies
✓ Launch of new Global Private Banking organisation to
sharpen our strategy and allow digital scalability to
accelerate growth
✓ Strong NII development 48% Y/Y driven by improved
margins. Fee income resilient as pricing initiatives and
everyday banking activity mitigated property market
slowdown
Strong customer focus, delivering expert financial
advisory services for instance by helping customers
manage their working capital needs
Green lending volumes increased 49% from the same
period last year
✓ Continued delivery of new digital self-service offerings
and enhancements to the customer experience, for
instance new fast process for applying for overdraft on
our digital platform for business customers 'District'
LC&I
Multi-year high financial performance driven by trading
income facilitated by new fixed income positioning, incl.
reduced capital consumption. PBT further supported by
General Banking income at record high level
General Banking lending volumes up 21% Y/Y, as we
continue to execute the strategic ambition to grow in SE.
Higher fees from cash management and banking
services were off set by lower investment fees/AuM
Danske Bank continued to support our customers with
advisory services and risk management solutions being
a leading facilitator in the Nordic countries
✓ Top ranked M&A advisory franchise with #1 Nordic
position. Pick-up in primary debt markets, and slight
recovery in ECM
Profit before impairments (DKK m]
+29%
1,578
1,201
852*
785
0122
Q222
2,330
96
Y/Y
Profit before impairments (DKK m]
Y/Y
Profit before impairments (DKK m)
Y/Y
Q/Q
+15%
2,546
Q/0
+9%
2,486
Q/Q
98
121
104
2,094
2,016
1,917
1,791
1,765
1,550
1,447
100
101
290
0322
0422 0123
Nominal lending
Q122 Q222 0322 0422
0123
(constant FX)
Nominal Lending
[constant FX]
0122
0222 0322
0422 0123
Nominal Lending
(constant FX]
15
* Excl. gain on DB Luxembourg saleView entire presentation