2.6%
Return on equity after tax
DKK 4.6 bn
Net profit
Chief Executive Officer
Find the most relevant files
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04. Feb 2021Annual Report 2020
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04. Feb 2021Conference call presentation 2020
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04. Feb 2021Fact Book Q4 2020
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04. Feb 2021Debt investor update Q4 2020
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08. Feb 2021Speech from conference call 2020
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08. Feb 2021Audio from conference call 2020
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04. Feb 2021One-off items Q4 2020
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04. Feb 2021Financial statements Q4 2020
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04. Feb 2021Additional Pillar 3 disclosures Q4 2020
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04. Feb 2021Internal Capital Adequacy Assessment 2020
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04. Feb 2021Supervisory Diamond 2020
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04. Feb 2021Risk Management 2020
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04. Feb 2021Sustainability Report 2020
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04. Feb 2021Sustainability Fact Book 2020
Outlook for 2021
We expect net profit for 2021 to be in the range of DKK 9-11 billion.
We expect total income to be slightly higher than the level in 2020, subject mainly to commercial momentum and broader economic developments.
Expenses are expected to be no more than DKK 24.5 billion, driven by ongoing cost initiatives and lower costs for transformation and remediation.
Loan impairments are expected to be no more than DKK 3.5 billion, subject to a modest macroeconomic recovery based on a positive impact from COVID-19 vaccines.
We maintain our ambition for a return on shareholders’ equity of 9-10% in 2023.
The outlook is subject to uncertainty and depends on economic conditions, including government support packages.
Facts & figures

191
number of branches
2.4
million
eBanking, Mobile and Tablet Banking customers

One-off items
(DKK millions) | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | 2020 |
Reported pre-tax profit | -1,663 | 3,112 | 2,795 | 2,059 | 6,304 |
Correction of income from bonds held in liquidity portfolio (NII effect) | 0 | 0 | 0 | -106 | -106 |
Correction of income from bonds held in liquidity portfolio (trading effect) | 0 | 0 | 0 | 106 | 106 |
Portfolio adjustments | 0 | 0 | 0 | -161 | -161 |
Clean-up of accounting balances at Danica Pension | 0 | 0 | 0 | -195 | -195 |
Provision for yield tax on Health & Accident at Danica Pension | 0 | 0 | 0 | -223 | -223 |
Corrected elimination etc. | 0 | 0 | 0 | -106 | -106 |
Write-down of intangible assets | 0 | 0 | 0 | -379 | -379 |
One-off items, in sum | 0 | 0 | 0 | -1,064 | -1,064 |
Adjusted pre-tax profit | -1,663 | 3,112 | 2,795 | 3,123 | 4,244 |
Tax one-off: Removed tax deductibility on certain expenses | 0 | 0 | 0 | -97 | -97 |
(DKK millions) | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | 2020 |
Net interest income | 0 | 0 | 0 | -106 | -106 |
Net fee income | 0 | 0 | 0 | -161 | -161 |
Net trading income | 0 | 0 | 0 | -312 | -312 |
Other income | 0 | 0 | 0 | -106 | -106 |
Revenues, in sum | 0 | 0 | 0 | -685 | -685 |
Costs | 0 | 0 | 0 | -379 | -379 |
Impairments | 0 | 0 | 0 | 0 | 0 |
Profit before tax, Non-core | 0 | 0 | 0 | 0 | 0 |
Effect on pre-tax profit | 0 | 0 | 0 | -1,064 | -1,064 |
Effect of tax one-offs | 0 | 0 | 0 | -97 | -97 |
Financial accounts
Look up historical data on our income statement, balance sheet and key figures going back to 1998.
Download financial accounts going back to Q1 2004
Download financial accounts from 1998-2004
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Contact us
-
Claus I. Jensen
Head of Investor Relations
Mobile: +45 25 42 43 70 Email: clauj@danskebank.dk -
Olav Jørgensen
Chief IR Officer
Mobile: +45 52 15 02 94 Email: ojr@danskebank.dk -
Sofie Heerup Friis
Senior IR Officer
Mobile: +45 20 60 51 15 Email: sofri@danskebank.dk -
Patrick Laii Skydsgaard
Senior IR Officer
Mobile: +45 24 20 89 05 Email: pats@danskebank.dk -
Tulle Louise Præstrud
IR Coordinator
Phone: +45 45 14 06 80 Email: lopr@danskebank.dk