Danske Bank A/s · OMXCOP:DANSKE
Danske Bank A/s — FY2024 Earnings Presentation
14 slides from Danske Bank A/s's earnings presentation, February 2025
Slide 1: Financial results - 2024
Presentation for Q4 conference call Financial results - 2024 Carsten Egeriis Stephan Engels Chief Executive Officer Chief Financial Officer
Slide 2: Highlights: Strong financial performance supported by solid uplift in core banking income
Financial results – 2024 Highlights: Strong financial performance supported by solid uplift in core banking income; robust credit quality and capital distribution according to plan Record FY net profit Total income +8% Y/Y DKK 23.6bn (+11% Y/Y) underpinned by commercial activity Supported by continu
Slide 3: Personal Customers: Strong customer activity drives solid fee income and deposit inflow
Financial results – 2024 Personal Customers: Strong customer activity drives solid fee income and deposit inflow, offsetting muted lending demand Highlights Financial performance KPIs Strategic KPIs Y/Y total income up 2%*, driven by Total income ROAC (%) Cost/income (%) FY 24 2026 increased net fee
Slide 4: Business Customers: Fee income growth driven by strong customer activity
Financial results – 2024 Business Customers: Fee income growth driven by strong customer activity. Strong performance on strategic KPIs Highlights Financial performance KPIs Strategic KPIs Total income declined 4% Y/Y, with Total income ROAC (%) Cost/income (%) FY 24 2026 increase in net fee income
Slide 5: Large Corporates & Institutions: Significant growth in capital efficient income
Financial results – 2024 Large Corporates & Institutions: Significant growth in capital efficient income driven by strong performance across franchise Highlights Financial performance KPIs Strategic KPIs Strong performance driving total Total income ROAC (%) Cost/income (%) FY 24 2026 income up +10%
Slide 6: Increased profitability ensured by strong uplift in core banking income
Financial results – 2024 Increased profitability ensured by strong uplift in core banking income; cost trajectory as planned; strong credit quality enables net reversal of impairments Highlights Income statement (DKK m) Total income up 8% Y/Y driven by sustained uplift 2024 2023 Index Q4 24 Q3 24 In
Slide 7: NII: Resilient NII supported by volumes and treasury effects
Financial results – 2024 NII: Resilient NII supported by volumes and treasury effects which mitigate central bank rate cuts and despite timing of pricing adjustments Highlights NII 2024 vs 2023 (DKKm) Deposit margin development* (%) 36,697 3.0 0 2.68 Net interest income trended in line with 2.5 2.50
Slide 8: Fee income: Broad-based and strong uplift in fee income
Financial results – 2024 Fee income: Broad-based and strong uplift in fee income; up 35% Q/Q driven by record-high performance fees in Asset Management Highlights Net fee income (DKK m) Activity-driven fees (transfers, accounts, etc.) 14,912 Solid income uplift driven by demand for everyday 1,070 ba
Slide 9: Trading income: Customer activity impacted by seasonality in the fourth quarter
Financial results – 2024 Trading income: Customer activity impacted by seasonality in the fourth quarter Highlights Net trading income (DKK m) LC&I 2,668 Y/Y: H1-23 was exceptionally strong at LC&I 2,613 Q/Q: Subdued customer activity given usual -160 seasonality in Q4 9 428 -88 Northern Ireland -13
Slide 10: Expenses: Cost trajectory in line with plan
Financial results – 2024 Expenses: Cost trajectory in line with plan - inflation and investments mitigated by lower costs related to legacy cases Highlights Expenses (DKK m) 25,736 Total operating expenses up slightly Y/Y as 37 consistent cost management mitigated wage 25,478 -361 388 inflation and
Slide 11: Impairments: Strong credit quality with net reversal of impairments
Financial results – 2024 Impairments: Strong credit quality with net reversal of impairments; prudent PMA buffer remains in place Highlights Impairment charges by category (DKK bn) Credit quality deterioration PMAs Macro models Strong credit quality and modest single-name cases coupled with review o
Slide 12: Capital: Strong capital generation with CET1 capital ratio at 17.8%
Financial results – 2024 Capital: Strong capital generation with CET1 capital ratio at 17.8% when fully deducting the announced 40% additional distribution Highlights CET1 development (%) Decreases Increases CET1 buffer CET1 capital requirement CET1 capital ratio remained strong at 17.8% in Q4 relat
Slide 13: Financial outlook for 2025
Financial results – 2024 Financial outlook for 2025 Total income is expected to be slightly lower in 2025 than in 2024, driven by lower NII from expected lower market rates. Core banking income will continue to benefit from strong fee income and our continued Income efforts to drive commercial momen
Slide 14: Q&A Session
Financial results – 2024 Q&A Session Press *11 to ask a question Danske Bank 14