Danske Bank (DANSKE) Investor Update summary

Financial performance and strategic progress

• Achieved solid operating profit of DKK 15.2bn and net profit of DKK 11.2bn, with ROE at 13.0%.

• Maintained strong cost discipline, with cost/income ratio at 45.4% and expenses down 1% year-over-year.

• Commercial momentum supported by growth in lending, deposits, and assets under management across Nordic markets.

• Continued execution of Forward '28 strategy, enhancing market position in strong Nordic economies.

• FY2025 net profit guidance reiterated at DKK 21-23bn.

Segment performance

• Personal Customers: Deposit growth and customer activity partially offset lower fee income and rate impact; lending volumes stable.

• Business Customers: Lending up 4% year-over-year, expanding customer base, and fee income up 3%.

• Large Corporates & Institutions: Total income up 8% year-over-year, lending up 10%, and deposit volumes up 6%.

Income and expenses

• Net interest income remained resilient, supported by higher lending and deposit volumes and deposit hedge benefits.

• Fee income stable year-over-year, but Q2 impacted by volatile markets and seasonality.

• Trading income increased 26% year-over-year, driven by customer activity and value adjustments.

• Expenses aligned with guidance, with cost/income ratio supporting Forward '28 targets.