Investor Presentation - FY 2023
Investor Presentation - FY 2023
Danske Bank
Fees: Improving trend Q/Q as activity remained solid with recovery in lending and
investment fees; Y/Y affected by lower lending activity and reduced AuM
Highlights
Activity-driven fees (transfers, accounts etc.)
Net fee income (DKK m]
12,590
-
Resilient income due to good customer activity, incl.
retail spending, transaction banking and cash mgmt.
Lending and guarantee fees
-
■ Y/Y: Lower income from subdued housing market
activity and run-off of energy-related liquidity facilities
Q/Q: Improvement in housing market activity and
healthy underlying corporate credit demand despite
normalisation of liquidity facilities and shift towards
capital markets
Capital markets fees
-
Capital markets fees solid as DCM traction was
supported by slight recovery in M&A and ECM activity
in H2
Investment fees
■ Y/Y: Investment fees impacted by reduced customer
activity and lower AuM
Q/Q: Solid rebound supported by uplift in income due
to an increase in assets under management and year-
end performance fees
20
-582
36
-357
11,707
2022
Activity-driven
Lending &
guarantees
Capital Markets
Investment fees
2023
2,867
-58
101
3,148
238
0323
Activity-driven
Lending &
guarantees
Capital Markets
Investment fees
0423
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