Investor Presentation - First Nine Months 2022
Investor Presentation - First nine months 2022
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Danske Bank
Highlights Good activity, stringent execution and positive impact from rates and
strategic pricing initiatives underpin commercial progress
Good commercial progress driving uplift in core banking
income, as volume growth remains robust
✓ Solid capitalisation on the back of prudent capital
management with CET1 ratio at 16.9%
✓ Strong credit quality despite macroeconomic uncertainty
✓ Underlying cost progress supporting foundation for '23
targets - FTEs outside AML down 8% since peak
✓ Trading income recovered in 03 despite another period of
financial market turmoil. Danica impacted by goodwill write
down in Q3
✓ ESG reporting received “A” rating from Position Green and
launch of new ESG investment funds.
NII (DKK bn]
+9%
Group lending (DKK bn, nominal)
+2%
Solid lending uplift +7% Y/Y
DKK 27.2 bn (+4% YTD)
Core banking income (NII + fee)
LC&I + 33%, and traction on market shares
in Denmark
Good traction on underlying
cost development
[down 4% QoQ, excl. debt collection)
DKK 368m in Q3
loan impairments
[6bps YTD, incl. debt collection]
5.8
6.3
1,884
1,921
Q2-22
03-22
Q2-22
03-22
Continued progress on
sustainability strategy and targets
Good progress on solution for legacy
cases, incl. additional provision of
DKK 14 bn for the Estonia matter
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