Investor Presentation - FY 2023
Investor Presentation - FY 2023
A year of significant improvement in financial performance and commercial
momentum underpinning sustainable profitability
2023 highlights
Net profit of
DKK 21.3bn
Supported by strong NII trend
(+39% Y/Y)
Core banking income
up +20%
Underpinned by margin expansion
and resilient fee income
Improved efficiency
Cost/Income 49%
despite inflation and elevated
remediation costs
2024 outlook
Danske Bank
Volumes stable
Lending stabilised despite economic
slowdown and DCM shift
Deposits remain elevated supported
by recognised savings products
Strong capital and
liquidity position
+450bps CET1 buffer and LCR of
170%
Strong credit quality
Impairments down 83% Y/Y
amounting to 1 bps in 2023
Net profit guidance of
DKK 20-22bn
Capital distribution
H2: DKK 7.5/share; FY 14.5/share
59% dividend payout
Share buy-back DKK 5.5bn
Total payout 85%
Significant milestones
for legacy cases
GFCP completed and submitted to
the FSA, and solution in place for
legacy debt collection
Forward '28 strategy
launched with ambitious 2026
financial targets
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