Investor Presentation - First Nine Months 2022
Investor Presentation - First nine months 2022
Danske Bank
Trading: Improvement in Q3 driven by recovery in performance at Rates & Credit;
negative valuation effects in Northern Ireland
•
Highlights
LC&I
•
Historically high volatility in Nordic fixed income markets
affecting YTD trading income
•
Improvement in Q3 in conditions for our fixed income
marketmaking franchise despite a reduction in risk
appetite and lower capital consumption amid continued
effects of high volatility and lower liquidity
Demand for risk management solutions resulted in good
customer activity in Currencies
PC & BC
Higher customer activity driven by increased foreign
exchange activity post the pandemic
Other
Transitory effects as rate increases drove mark-to-
market movements on the deposit hedging portfolio in
Northern Ireland which was partly countered by strong
uplift in NII
Net trading income (DKK m)
3,111
197
497
54
679
2,363
715
YTD-21
794
-659
LC&lex.xVA
XVA
PC & BC
Other
-172
YTD-22
503
252
71
669
250
30
-345
-740
-73
-390
Q2-22
* The first nine months of 2021 benefited from a gain of DKK 227m on the sale of VISA shares in the Group's private equity portfolio
03-22
12View entire presentation