Financial results 2019

9.6%

Return on equity after tax

DKK 15.1 bn

Net profit

 “The financial results for 2019 were as expected. Customer activity was at a good level in Denmark especially due to high remortgaging activity. We also saw a good customer development and lending growth across our other core markets.

However, low interest rates, margin pressure, higher impairments and increased costs due mainly to investments in compliance and AML-related activities had a negative effect on the result.

A number of extraordinary items also had an impact, positive as well as negative, on the results, but all in all, our financial performance remains under pressure,” 

Chris Vogelzang

Chief Executive Officer

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Find the most relevant files

  • 05. Feb 2020Annual Report 2019
  • 05. Feb 2020Conference call presentation 2019
  • 05. Feb 2020Fact Book Q4 2019
  • 05. Feb 2020Debt investor update Q4 2019
  • 03. Apr 2020Script for pre-close call Q1 2020
  • 07. Feb 2020Speech from conference call 2019
  • 05. Feb 2020Audio from conference call 2019
  • 05. Feb 2020One-off items Q4 2019
  • 05. Feb 2020Financial statements Q4 2019
  • 05. Feb 2020Additional Pillar 3 disclosures Q4 2019
  • 05. Feb 2020Internal Capital Adequacy Assessment 2019
  • 05. Feb 2020Supervisory Diamond Q4 2019
  • 05. Feb 2020Risk Management 2019
  • 05. Feb 2020Sustainability Report 2019
  • 05. Feb 2020Sustainability Fact Book 2019
View all

Outlook 2020 suspended

Due to a significant worsening of the macroeconomic outlook as a result of the Covid-19 situation, Danske Bank expects a negative impact on its financial results for 2020. Our preliminary assessment based on input from changes to model assumptions is that loan impairment charges are likely to increase due to more severe scenarios. Furthermore, the global financial markets are impacted by very high volatility, which may have a negative impact on trading income. We will continue to assess the impact on loan impairment charges and income as the situation develops.

Danske Bank’s underlying business is performing as expected, and our capital and liquidity positions remain strong with significant buffers well above the regulatory requirements.

As the current situation is unprecedented, and it is very difficult to predict the economic impact, Danske Bank has decided to suspend its net profit guidance for 2020 (previous net profit guidance of DKK 8-10 billion). We expect to be able to provide an update on guidance in connection with the interim report for the first quarter of 2020.

Facts & figures

Our financial Fact Book is updated every quarter. It covers financial statistics, key statistics and macroeconomics.

221

 

number of branches

2.5

million

eBanking, Mobile and Tablet Banking customers

One-off items

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Financial accounts

Income statement
Balance sheet
Financial highlights
Key figures
Income statement
Balance sheet
Financial highlights
Key figures

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Contact us

If you would like more information about Danske Bank's activities, please contact us at Investor Relations. Direct contact information can be found below, while general inquiries can be directed to investor.relations@danskebank.dk
  • Claus I. Jensen

    Head of Investor Relations

    Mobile: +45 25 42 43 70
    Email: clauj@danskebank.dk
  • John Bäckman

    Chief IR Officer

    Phone: +45 45 14 07 92
    Mobile: +45 30 51 46 85
    Email: jbc@danskebank.dk
  • Heidi Birgitte Nielsen

    Chief IR Officer

    Phone: +45 45 13 92 34
    Mobile: +45 27 20 41 74
    Email: heidn@danskebank.dk
  • Robin Løfgren

    Chief IR Officer

    Phone: +45 45 14 06 04
    Mobile: +45 24 75 15 40
    Email: rlf@danskebank.dk
  • Tulle Louise Præstrud

    IR Coordinator

    Phone: +45 45 14 06 80
    Email: lopr@danskebank.dk