Financial results first quarter 2020

“The first two months of 2020 showed good momentum in the underlying business, with solid customer activity and lending growth in most markets. However, the coronavirus pandemic impacted the results significantly towards the end of the quarter.  The key drivers were impairments made mainly because of the assumptions of a worsened macroeconomic scenario, the decline in oil prices and charges against exposure to certain sectors. We also saw the highly turbulent markets result in extraordinarily low trading income." 

Chris Vogelzang
Chief Executive Officer

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Return on equity after tax


Net profit (DKK billions)

Facts & figures

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

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Number of branches


eBanking, Mobile and Tablet Banking customers

Find the most relevant files

  • 30. Apr 2020Interim report - first quarter 2020
  • 30. Apr 2020Conference call presentation - first quarter 2020
  • 30. Apr 2020Fact Book Q1 2020
  • 30. Apr 2020Debt investor update Q1 2020
  • 22. Jun 2020Script for pre-close call Q2 2020
  • 01. May 2020Speech from conference call - first quarter 2020
  • 30. Apr 2020Audio from conference call - first quarter 2020
  • 20. Apr 2020Restatements to Danske Bank financial highlights
  • 30. Apr 2020One-off items Q1 2020
  • 30. Apr 2020Financial statements Q1 2020
  • 30. Apr 2020Additional Pillar 3 disclosures Q1 2020
  • 30. Apr 2020Internal Capital Adequacy Assessment - first quarter 2020
  • 30. Apr 2020Supervisory Diamond - first quarter 2020
  • 05. Feb 2020Risk Management 2019
  • 05. Feb 2020Sustainability Report 2019
  • 05. Feb 2020Sustainability Fact Book 2019
View all

Financial calendar 

This month

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Press briefing

On 30 April at 10:00 CEST, CEO Chris Vogelzang, CFO Stephan Engels and Chief Risk Officer Carsten Egeriis presented the Interim report - first quarter 2020.

See webcast

Conference call

On 30 April at 14:30 CEST, CEO Chris Vogelzang, CFO Stephan Engels and Chief Risk Officer Carsten Egeriis presented the Interim report - first quarter 2020.

See webcast

Share monitor

IR app: Danske Bank MyInvestor

The Danske Bank MyInvestor app gives you access to Danske Bank's share price, latest financial reports and current investor presentations on your smartphone and tablet.

You can save events from Danske Bank's financial calendar to your phone and tablet and receive push notifications with financial news from Danske Bank.

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Order materials 

Order hard copies of our annual report.


Annual general meeting

Danske Bank's latest annual general meeting took place on 9 June 2020.


More about the AGM

Analysts & consensus

Ratings from equity analysts covering the Danske Bank share and consensus earnings estimates for 2020-2022.
See ratings and estimates


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
  • 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