Danske Bank (One-pager): Interest rates remain supportive for 2024
Our latest Danske Bank One-pager updated the company and market outlook following the Bank’s FY 2023 earnings.
For the full year 2023, Danske Bank realized total income of DKK 52.4 billion. total expenses of DKK 25.4 billion. and a net result of DKK 21.3 billion. For 2024, Danske Bank is guiding for a net profit of DKK 20-22 billion and expects costs in the range of DKK 26-26.5 billion.
Read the One-pager to get an update on Danske Bank's development in 2023, its progress in closing its valuation gap with its peers, updates on the key investment risks, key investment reasons, and its Forward ’28 Strategy.
To learn more, you can also catch up on Danske Bank's presentation of the 2023 annual results hosted with Danske Bank Head of Investor Relations Claus Ingar Jensen on 09.02.2024.
Presentation of annual report 2023 link: https://www.inderes.dk/videos/danske-bank-praesentation-af-arsrapporten-2023
Disclaimer: HC Andersen Capital receives payment from Danske Bank for a DigitalIR/corporate visibility subscription agreement./ Philip Coombes 13:15 20.02.2024
Danske Bank
Danske Bank was founded in 1871 and is Denmark’s largest bank, with headquarters in Copenhagen and activities in Denmark, Sweden, Norway, Finland, Northern Ireland, and the United Kingdom. Danske Bank is engaged in providing payment services, trading in securities and other instruments, depositing of surplus liquidity and the provision of short- and long-term financing. It operates four commercial business units Personal & Business Customers, Large Corporates & Institutions, Danica Pension, and Northern Ireland. The Personal & Business Customers segment provides advisory services to personal customers, Private Banking customers and small and medium-sized businesses in Denmark, Sweden, Norway and Finland. Its Large Corporates & Institutions segment is engaged with providing strategic advice, financial solutions and products to large Nordic and institutional customers. Danica Pension provides pension services within Denmark, and in its Northern Ireland segment, Danske Bank serves personal business and corporate customers in Northern Ireland with some activities in targeted sectors across the rest of the United Kingdom. In 2021 Danske Bank’s market share in Denmark was 25% in lending and 29% in deposits.
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