Investor Presentaiton
Danske Bank
Investor Presentation - First half 2022
Net profit outlook for 2022*: We expect net profit to be in the range of DKK 10-12 bn,
driven by volume growth and continued solid credit quality
Income
kr
Revised
10 July 2022
We continue to expect income from core banking activities to be higher in 2022, as higher net interest income
driven by good economic activity will more than offset lower capital market and investment related fee income.
Net income from insurance business and trading activities are expected below normalized levels based on
significant lower income in the first six month of the year and a modest recovery in income in the second half of
the year subject to market conditions. The degree of uncertainty is higher than usual
AV
Expenses
Revised
10 July 2022
We expect costs in 2022 to reflect continued focus on cost management and to be around DKK 25.5 billion
due to sustained elevated remediation costs. The outlook does not include any effects from a potential
settlement of the Estonia matter in 2022 and from alternative approaches in order to accelerate the timeline
for the debt collection issue
Impairments
Maintained
Loan impairments are expected to be below normalised level, given our overall strong credit quality
Net profit*
kr
Revised
10 July 2022
* Note - The outlook is subject to uncertainty and depends on economic conditions.
We expect net profit to be in the range of DKK 10-12 bn, including the gains from MobilePay, Danske Bank
International and Danica Norway
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