Investor Presentation - FY 2022
Investor Presentation - FY 2022
Danske Bank
Trading: Recovery in the second half of the year following difficult market conditions and
negative valuation effects in H1
Net trading income* (DKK m]
Highlights
LC&I
•
Y/Y: Historically high volatility in Nordic fixed income
markets affecting trading income
Q/Q: Recovery in the second half for our fixed income
market-making franchise as market conditions
became more supportive
Demand for risk management solutions resulted in
good customer activity in Currencies
PC & BC
Y/Y: Resilient customer activity driven by increased
post-pandemic foreign exchange activity
Northern Ireland & Group Functions
•
Y/Y: Lower income in Group Treasury due to mark-to-
market movements on the mortgage bond portfolio
and on the hedging portfolio in Northern Ireland
Q/Q: Effect from elimination of return on own shares
due to increase in share price
4,126
-1,496
288
-276
-152
elimination of return on own shares
-220°////
-842
1,426
-1,062
2021
LC&lex. xVA
XVA
PC & BC
Northern Ireland
Group Functions
2022
197
503
73
-442
671
-249
747
-691
Northern Ireland
Group Functions
Q4-22
03-22
LC&lex.xVA
XVA
PC & BC
*2021 benefited from a gain of DKK 227m on the sale of VISA shares in the Group's private equity portfolio
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