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Financial result for the third quarter

"The discussions with US and Danish authorities related to the Estonia matter are now at a stage, where Danske Bank can reliably estimate the total financial impact of a potential coordinated resolution amounting to DKK 15.5 billion. In addition to the provision booked in 2018 of DKK 1.5 billion, Danske Bank has therefore booked an additional provision of DKK 14 billion in the third quarter of 2022. Our dialogue with the authorities is ongoing, and while there is still uncertainty that a resolution will be reached, we hope that a resolution will be concluded before the end of this year."
Carsten Egeriis

Chief Executive Officer

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Outlook for 2022

We have revised the outlook for net profit of DKK 10-12 billion to a net loss better than DKK 5.5 billion due to the additional provision for the Estonia matter and the goodwill impairment charge.

We continue to expect income from core banking activities to be higher in 2022, as higher net interest income driven by good economic activity and higher interest rates will more than offset lower capital market and investment-related fee income.


Net income from insurance business and trading activities are expected below normalised levels based on significantly lower income in the first nine months of the year and a stabilisation in income in the fourth quarter subject to market conditions. The degree of uncertainty is higher than usual.

Including the additional provision for the Estonia matter, the impact from the solution to the debt collection case and the goodwill impairment charge, total expenses are expected to be around DKK 41.7 billion. Excluding the additional provision for the Estonia matter, the impact from the solution to the debt collection case and the goodwill impairment charge, we expect costs in 2022 to reflect our continued focus on cost management and to be around DKK 25.5 billion, including sustained elevated remediation costs. 

Given our overall strong credit quality, loan impairments are expected to be below normalised level, including the solution to the debt collection case. 

The outlook includes the gains from MobilePay, Danske Bank International and Danica Norway.

The outlook is subject to uncertainty and depends on economic conditions.

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 2022Q2 2022Q3 2022Q4 20222022
Reported pre-tax profit3,7072,164-13.0330 
Gain from sale of international private banking activities in Luxembourg
 PMA for potential lower recovery rates from debt collection 0 -250  -250 
 Gain from sale of Danica Norway0415  415 
 Danica: Correction of discrepancy in product0-150 -150  
 Compensation: Debt collection case (impairment effect)0-6500-650
 Compensation: Debt collection case (expenses)00-6000-600
 Impairment charges on goodwill in Danica Pension00-1,6270-1,627 
 Provision for Estonia matter

00 -14,0000-14,000
One-off items, in sum421165-17,0270-16,441
Adjusted pre-tax profit3,2861,9993,99409,279
 (DKK millions)Q1 2022Q2 2022Q3 2022Q4 20222022
Net interest income00000
Net fee income00000
Net trading income00000
Net income from insurance business0415-1500265
Other income421000421
Revenues, in sum421415-1500686
Profit before tax, Non-core000
Effect on pre-tax profit421165-17,0270-16,441

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Financial accounts

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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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