Danske Bank A/S
DANSKE
ISIN DK0010274414 / Valor 1150721
Danske Bank A/S
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About company
Danske Bank A/S is a prominent financial institution headquartered in Denmark, recognized as the largest bank in the country. It provides a comprehensive range of banking services to personal, business, and large institutional clients across several core markets, including Finland, Sweden, Norway, and Northern Ireland. In Finland, Danske Bank ranks as the third-largest bank, while in Sweden, it holds the position of the fifth-largest bank, with headquarters in Helsinki and Stockholm, respectively. The bank's operations in Norway are centered in Trondheim, focusing on business and institutional clients. In the UK, Danske Bank operates from London, catering to Nordic businesses in the British market and offering private banking solutions to expatriates. Additionally, it is a leading financial institution in Northern Ireland, providing services through branches and regional finance centers. The bank's history is marked by significant mergers and expansions, including its origins in Norway dating back to 1859 and its establishment in Finland in 1887. Over the years, Danske Bank has evolved through strategic mergers, enhancing its presence and service offerings across the Nordic region and beyond.
Summarized from source with an LLMView SourceSector: FinanceLatest 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.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
24409 M
Market cap (USD)
1,150,772
Daily traded volume (Shares)
205.5 / 200.7
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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