Financial results 2020


Return on equity after tax

DKK 4.6 bn

Net profit

"2020 was a year of solid progress in many areas for Danske Bank. Our robust capital position and sound credit quality provided a strong platform for us to be able to support our customers through the corona crisis. Our underlying business performed well and we saw stable income driven by lending growth in most of our Nordic markets and high activity among large corporates."
Chris Vogelzang

Chief Executive Officer

Download the report

Find the most relevant files

  • 09. Apr 2021Restatements to Danske Bank segment reporting 2021_extended version
  • 26. Mar 2021Script for pre-close call Q1 2021
  • 04. Feb 2021Annual Report 2020
  • 04. Feb 2021Conference call presentation 2020
  • 04. Feb 2021Fact Book Q4 2020
  • 04. Feb 2021Debt investor update Q4 2020
  • 08. Feb 2021Speech from conference call 2020
  • 08. Feb 2021Audio from conference call 2020
  • 04. Feb 2021One-off items Q4 2020
  • 04. Feb 2021Financial statements Q4 2020
  • 04. Feb 2021Additional Pillar 3 disclosures Q4 2020
  • 04. Feb 2021Internal Capital Adequacy Assessment 2020
  • 04. Feb 2021Supervisory Diamond 2020
  • 04. Feb 2021Risk Management 2020
  • 04. Feb 2021Sustainability Report 2020
  • 04. Feb 2021Sustainability Fact Book 2020
View all

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.



number of branches



eBanking, Mobile and Tablet Banking customers

One-off items

Download in Excel

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

Subscription service


Sign up to receive news from us.

Sign up


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.
More on shares


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


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

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