Investor Presentation - FY 2023
Investor Presentation - FY 2023
Danske Bank
Impairments: Continually strong credit quality resulted in reversals in Q4 and full-
year impairments well below normalised level
Highlights
Credit quality remained strong with full-year impairment charges of DKK 0.3 bn,
closing the year well below normalised through-the-cycle level
■ The macro environment has developed more favourably recently, and reversals in 04
were driven by improved macro models. However, uncertainty persists, and we remain
watchful of any possible credit deterioration
Significant PMA buffers remain in place to mitigate any tail risks not evident in the
portfolio or captured by our macro models
Impairment charges by category [DKK bn]
Credit quality deterioration
PMAS
Macro models
0.8
Debt collection one-off
0.4
0.2
0.2
0.3
0.1
-0.2
Post Model Adjustments (DKK bn]
-0.03
-0.2
0421
0122
0222
0322
0422
0123
0223
0323
0423
Allowance account by stages (DKK bn]
Stage 1 ECL
Stage 2 ECL
Stage 3 ECL
Stage 3 net exposure, % of total (rhs]
6.7
DKK bn
%
0.8
Agriculture
30
CRE
25
22.6
1.9
21.9
Construction &
20.4
2.3
19.6
19.9
20.2
Building materials
20
2.7
1.3
3.3
3.4
3.6
6.4
6.3
6.6
6.7
1.0
Personal Customers
5.9
7.4
15
6.8
Others
8.1
7.9
7.5
1.6
4.0
10
13.2
12.9
12.4
5
8.3
8.7
9.1
1.4
2019
2020
2021
2022
0323
0423
о
2019
2020
2021
2022
0323
0423
39View entire presentation