Investor Presentation - First Nine Months 2022
Danske Bank
Investor Presentation - First nine months 2022
Business units: Good progress in LC&I driven by high activity; Danica impacted by
volatile financial markets
Keyfinancial metrics
Highlights
9M-22
9M-21
LC&I
03-22
Income breakdown (DKK bn]
-1 0 1 2
3 4 56 7 8
00
General Banking (index)
Asset under Management
(index)
9 10 11
133
94
02-22
■NII Fee Trading ex. xVA ■XVA
109
Lending
YOY
QoQ
83
AuM
Significant customer activity driven by close dialogue around
risk management solutions and significant lending growth of
33% YoY
Continued support to fixed income customers, which means
utilising less capital, despite challenging conditions for
market making services in Nordic fixed income markets
Solid investment fee despite lower AuM from financial
market turmoil
A leading Nordic market position according to the
Bloomberg League tables for arrangers of sustainable bonds
and sustainability-linked loans
9M22/9M21 (DKKbn]
03-22/02-22 (DKKbn)
Asset under Management
(index)
Premiums (insurance)
95
98
9m-22
9m-21
03-22
02-22
Уоу
QoQ
Danica
0.2
2.0
-0.1.1
-0.1
-0.3
-0.9
Result, life H&A
insurance
81*
-0.4
Result, life H&A
insurance
* Q3 includes restatement of 600m between Life and H&A.
89
* Includes the removal of DKK 22bn AuM from DA Norway sale
Sound underlying business as premiums remain at a
relatively high level, and claims in H&A remained at a low
level
Negative investment results for life insurance products
where Danica Pension has the investment risk primarily
driven by impact from volatile financial markets and
valuation effects
Restatement of DKK 600m between H&A and Life
insurance
Life insurance further affected by product-related one-off
charge of DKK 150m, while goodwill writedown is booked
under group expenses
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