Investor Presentaiton
Investor Presentation - First quarter 2023
Danske Bank
Trading: Good customer activity at LC&I and positive contribution from repositioned
fixed income strategy as well as valuation effects drive higher trading income
Highlights
LC&I
Significantly improved trading income due to more
supportive market conditions
➤ New fixed income strategy at LC&I has positioned us
better to take advantage of market dynamics
PC & BC
Strong customer activity, especially within FX at BC
helped partially offset weaker customer activity at PC
Northern Ireland & Group Functions
Northern Ireland: Positive impact Y/Y from mark-to-
market movements on the bank's hedging portfolio,
reflecting a combination of interest rate expectations
and the reduced remaining life of the hedging
instruments. Q/Q impacted by volatility
Net trading income (DKK m)
1,612
208
257
92
378
684
Q122
LC&I ex. xVA
XVA
PC & BC
Northern Ireland Group Functions
0123
1,612
996
-162
469
-39
503
-155
Group functions benefit from management of interest
rate risk, which from 2023 is booked under NII
0422
LC&I ex. XVA
XVA
PC & BC Northern Ireland Group Functions
0123
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