Net profit of DKK 3.1 billion for the first quarter of 2021

7.5%

Return on equity after tax

DKK 3.1 bn

Net profit

"We saw good customer activity in the beginning of 2021, and with our new organisation, we continued to support both personal and business customers in a quarter marked by the second wave of the pandemic and lockdowns throughout our societies. As a result, we saw a positive income development across our business and our cost measures continue to have an effect, as we are becoming a more efficient bank"
Carsten Egeriis

Chief Executive Officer

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Find the most relevant files

  • 03. May 2021Speech from conference call first quarter 2021
  • 28. Apr 2021Audio from conference call Q1_2021
  • 28. Apr 2021Danske Bank Interim report first quarter 2021
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  • 04. Feb 2021Fact Book Q4 2020
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  • 08. Feb 2021Speech from conference call 2020
  • 08. Feb 2021Audio from conference call 2020
  • 04. Feb 2021One-off items Q4 2020
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  • 04. Feb 2021Internal Capital Adequacy Assessment 2020
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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

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

183

 

number of branches

2.4

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

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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Shares

The Danske Bank share is listed on NASDAQ OMX Copenhagen. See the latest share price, historical share data and information about dividends, shareholders and ratings.
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Regulation

Statements and comments from the Danish FSA and information about EU stress tests, the EBA and the Capital Requirements Directive and Regulation.
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Debt

We issue debt instruments on the international financial markets, and they are among the highest rated in Europe.
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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