Danske Bank A/S

Latest Results (17.12.2024):

Total Income

In the third quarter of 2023, Danske Bank A/S reported a total income of DKK 13,826 million. This figure reflects a slight decrease compared to the previous quarter, where the total income was DKK 14,055 million. The bank's income streams include net interest income, net fee income, net trading income, and other income, all contributing to the overall financial performance.

Net Profit

Danske Bank A/S achieved a net profit of DKK 6,165 million in Q3 2023. This represents an increase from the net profit of DKK 5,839 million recorded in Q2 2023. The improvement in net profit is attributed to effective cost management and a reduction in loan impairment charges during the quarter.

Expenses

For the third quarter of 2023, Danske Bank A/S reported expenses amounting to DKK 6,228 million. This is a decrease from the previous quarter's expenses of DKK 6,481 million. The reduction in expenses is part of the bank's ongoing efforts to optimize operational efficiency and manage costs effectively.

Loan Impairment Charges

Danske Bank A/S recorded a negative loan impairment charge of DKK -337 million in Q3 2023, indicating a net reversal of impairments. This is a significant improvement compared to the previous quarter's charge of DKK -200 million, reflecting better credit quality and economic conditions.

Outlook

Looking ahead, Danske Bank A/S maintains a positive outlook for the remainder of 2023, supported by strong financial performance in the third quarter. The bank continues to focus on strategic initiatives to drive growth, enhance customer experience, and improve operational efficiency, while remaining vigilant to potential economic challenges.