Investor Presentation - First Nine Months 2022
Investor Presentation - First nine months 2022
Danske Bank
Update on the Estonia matter: Additional provision of DKK 14bn in Q3; Net Profit
revised to a net loss better than DKK 5.5 bn, incl. goodwill impairment of DKK 1.6 bn
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III
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Following discussions with the US and Danish authorities, Danske Bank is now able to make a reliable estimate of a potential
resolution, which amounts to DKK 15.5bn and includes the provision of DKK 1.5bn recognized in 2018. While there is still
uncertainty around timing and whether a resolution will be reached, Danske Bank is working towards a resolution before the end
of this year.
The Board has decided to cancel the remaining dividend from 2021 and will not propose to the AGM in 2023 to pay out dividend
for 2022.
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kr
Out of the capital charge in the form of a Pillar 2 add-on of DKK 10bn related to the Estonia matter, DKK 7.5bn related to
reputational risks has been released on the basis of dialogue with the Danish FSA.
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CET1 ratio stand at 16.9% and our capital target for CET 1 of above 16% in the short-term and total capital target of above 20% is
maintained
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Net profit outlook for 2022 is revised down from DKK 10-12bn to a net loss better than DKK5.5bn. The outlook includes a
goodwill impairment charge in our insurance business of DKK 1.6bn.
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