Interim report – first quarter 2023
"In the first three months of the year we saw continually good customer activity across our business and a further improvement in the trend for the inflow of personal customers in Denmark. The improved interest rate environment and high trading income driven by good customer activity at Large Corporates & Institutions contributed to our strong financial result. Furthermore, net trading income and income from insurance activities both benefited from improved market conditions and, among other things, our new fixed income strategy, which makes us strategically better positioned to take advantage of new market dynamics. Impairment charges remained at a very low level in the first quarter, reflecting sound credit quality. This, as well as our continued commercial momentum, was also reflected in both the 89% increase in net profit and the recent upward revision of our outlook for 2023"
Chief Executive Officer