Financial results first nine months 2019


Return on equity after tax

DKK 10.0 bn

Net profit

“The first nine months of 2019 were characterised by challenging interest rate levels and margins as well as higher impairment levels and an increase in costs, related especially to compliance. We saw a good underlying business with high customer activity and lending growth, but overall, our performance is under pressure. Therefore, we today present a new set of ambitions for 2023 and the key elements of the plan that will enable us to realise them."
Chris Vogelzang

Chief Executive Officer

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Find the most relevant files

  • 01. Nov 2019Interim report - first nine months 2019
  • 01. Nov 2019Conference call presentation - first nine months 2019
  • 01. Nov 2019Fact Book Q3 2019
  • 01. Nov 2019Debt investor update Q3 2019
  • 05. Nov 2019Speech from conference call - first nine months 2019
  • 01. Nov 2019Audio from conference call - first nine months 2019
  • 10. Jan 2020Script for pre-close call Q4 2019
  • 01. Nov 2019One-off items Q3 2019
  • 01. Nov 2019Financial statements Q3 2019
  • 01. Nov 2019Additional Pillar 3 disclosures Q3 2019
  • 01. Nov 2019Internal Capital Adequacy Assessment - first nine months 2019
  • 01. Nov 2019Supervisory Diamond - first nine months 2019
  • 01. Feb 2019Risk Management 2018
  • 01. Feb 2019CR Report 2018
  • 01. Feb 2019CR Factbook 2018
View all

Outlook 2019

The outlook for 2019 has been adjusted from Interim report - first half 2019.

We now expect net profit for 2019 to be at the lower end of the DKK 13-15 billion range.

The outlook is subject to uncertainty and macroeconomic developments.

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 2019Q2 2019Q3 2019Q4 2019YTD 2019
Reported pre-tax profit4,0124,7573,793 12,562
Change in VA add-on to discount curve at Danica-14000 -140
Non-core value adjustment-30000 -300
Sale of Danica Pension Sweden01,3000 1,300
Flexinvest Fri compensation0-4000  -400
 Non-core VAT adjustment0200 0  200
One-off items, in sum-4401,1000 660
Adjusted pre-tax profit4,452
3,6573,793 11,902
 (DKK millions)Q1 2019Q2 2019Q3 2019Q4 2019YTD 2019
Net interest income000 0
Net fee income0-1800 -180
Net trading income-14000 -140
Other income01,3000 1,300
Revenues, in sum-1401,1200 980
Costs0-2200 -220
Impairments000 0
Profit before tax, Non-core-3002000 -100
Effect on pre-tax profit-4401,1000660

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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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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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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
  • Claus I. Jensen

    Head of Investor Relations

    Mobile: +45 25 42 43 70
  • John Bäckman

    Chief IR Officer

    Phone: +45 45 14 07 92
    Mobile: +45 30 51 46 85
  • Heidi Birgitte Nielsen

    Chief IR Officer

    Phone: +45 45 13 92 34
    Mobile: +45 27 20 41 74
  • Robin Løfgren

    Chief IR Officer

    Phone: +45 45 14 06 04
    Mobile: +45 24 75 15 40
  • Tulle Louise Præstrud

    IR Coordinator

    Phone: +45 45 14 06 80