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Financial result 2022

"2022 was a year of significant economic uncertainty and high volatility. We stayed close to our customers to help them navigate and to support households, businesses and society as a whole.

Good customer activity and larger lending volumes in our corporate segments throughout the year led to increasing net interest income for the eighth consecutive quarter and a robust level of net fee income. While the unprecedented volatility in especially the rates markets impacted our trading income and our insurance business, we saw positive trends towards the end of the year. Furthermore, underlying costs continued to trend in a downward direction.

To have a net loss on the bottom line is of course not satisfactory. However, it comes as a consequence of the conclusion of the Estonia matter, which marks an important turning point for Danske Bank. "

Carsten Egeriis

Chief Executive Officer

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Outlook for 2023

We expect net profit to be in the range of DKK 15 – 17bn including the impact from the new Danish bank tax. 

We expect core income lines to grow in 2023, driven by higher net interest income and our continued efforts to drive commercial momentum.Despite a high degree of uncertainty, we expect income from trading and insurance activities to recover from the levels in 2022.


We expect costs in 2023 to be in the range of 25 – 25.5bn reflecting a continued focus on cost management and despite inflationary pressure. The outlook includes sustained elevated remediation costs of approximately DKK 1.1bn.

We expect loan impairment charges of up to DKK 3bn (~18bp) which primarily will be driven by a weaker macroeconomic outlook affecting model-driven impairments.

The outlook is subject to uncertainty and depends on economic conditions.

Facts & figures

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



number of branches



eBanking, Mobile and Tablet Banking customers

One-off items

(DKK millions)Q1 2022Q2 2022Q3 2022Q4 20222022
Reported pre-tax profit3,7072,164-13.0334,877 -2,284
Gain from sale of international private banking activities in Luxembourg
 PMA for potential lower recovery rates from debt collection 0 -250  -250 
 Gain from sale of Danica Norway0415  415 
 Danica: Correction of discrepancy in product0-150 -150  
 Compensation: Debt collection case (impairment effect)0-6500-650
 Compensation: Debt collection case (expenses)00-6000-600
 Impairment charges on goodwill in Danica Pension00-1,6270-1,627 
 Provision for Estonia matter

00 -14,0000-14,000
 Gain from sale of shares in MobilePay   415  
 Gain from sale of shares in Sanistål    170 
 Reduction of provision for Estonia settlement    200 
  Increased Compensation: Debt collection case    -310 
One-off items, in sum421165-17,027475-15,966
Adjusted pre-tax profit3,2861,9993,9944,40213,681
 (DKK millions)Q1 2022Q2 2022Q3 2022Q4 20222022
Net interest income00000
Net fee income00000
Net trading income000170170
Net income from insurance business0415-15000
Other income42100451836
Revenues, in sum421415-1505851,271
Profit before tax, Non-core000
Effect on pre-tax profit421165-17,027475-15,966

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Financial accounts

Income statement
Balance sheet
Financial highlights
Key figures

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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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