Financial results 2019

9.6%

Return on equity after tax

DKK 15.1 bn

Net profit

 “The financial results for 2019 were as expected. Customer activity was at a good level in Denmark especially due to high remortgaging activity. We also saw a good customer development and lending growth across our other core markets.

However, low interest rates, margin pressure, higher impairments and increased costs due mainly to investments in compliance and AML-related activities had a negative effect on the result.

A number of extraordinary items also had an impact, positive as well as negative, on the results, but all in all, our financial performance remains under pressure,” 

Chris Vogelzang

Chief Executive Officer

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Find the most relevant files

  • 05. Feb 2020Annual Report 2019
  • 05. Feb 2020Conference call presentation 2019
  • 05. Feb 2020Fact Book Q4 2019
  • 05. Feb 2020Debt investor update Q4 2019
  • 07. Feb 2020Speech from conference call 2019
  • 05. Feb 2020Audio from conference call 2019
  • 05. Feb 2020One-off items Q4 2019
  • 05. Feb 2020Financial statements Q4 2019
  • 05. Feb 2020Additional Pillar 3 disclosures Q4 2019
  • 05. Feb 2020Internal Capital Adequacy Assessment 2019
  • 05. Feb 2020Supervisory Diamond Q4 2019
  • 05. Feb 2020Risk Management 2019
  • 05. Feb 2020Sustainability Report 2019
  • 05. Feb 2020Sustainability Fact Book 2019
View all

Outlook 2020

We expect net profit for 2020 to be in the range of DKK 8-10 billion, equivalent to a 5-6% return on shareholders’ equity, as communicated on 1 November 2019.

We expect net interest income to be lower than the level in 2019, as margin pressure and higher funding costs will more than offset continued volume growth.

Net fee income is expected to be slightly lower than in 2019, due to lower remortgaging activity and subject to customer activity and market developments.

Expenses are expected to be in the range of DKK 28-29 billion, driven by acceleration of investments of up to DKK 2 billion and a continued increase in compliance costs.

Loan impairments are expected to be higher. 

The outlook is subject to uncertainty and macroeconomic developments. 

We maintain our ambition for a return on shareholders’ equity of 9-10% in 2023.

Facts & figures

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

221

 

number of branches

2.5

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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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

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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
  • Claus I. Jensen

    Head of Investor Relations

    Mobile: +45 25 42 43 70
    Email: clauj@danskebank.dk
  • John Bäckman

    Chief IR Officer

    Phone: +45 45 14 07 92
    Mobile: +45 30 51 46 85
    Email: jbc@danskebank.dk
  • Heidi Birgitte Nielsen

    Chief IR Officer

    Phone: +45 45 13 92 34
    Mobile: +45 27 20 41 74
    Email: heidn@danskebank.dk
  • Robin Løfgren

    Chief IR Officer

    Phone: +45 45 14 06 04
    Mobile: +45 24 75 15 40
    Email: rlf@danskebank.dk
  • Tulle Louise Præstrud

    IR Coordinator

    Phone: +45 45 14 06 80
    Email: lopr@danskebank.dk