Danske Bank A/S · OMXCOP:DANSKE
Danske Bank A/S — Shareholder Meeting (2010)
39 slides from Danske Bank A/S's shareholder meeting presentation, 2010
Slide 1: Item a: Submission of the annual report for adoption
Item a: Submission of the annual report for adoption
Slide 2: in er
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Slide 3: Customer satisfaction and awards highlights
• Denmark’s cheapest bank over a lifetime • Number of cases at Complaints Board far smaller than market share • Only one case lost in 2009 – we abided by the ruling • Danske Invest won Morningstar’s best equities fund award for the second year running • Danske Bank Private Banking named Denmark’s be
Slide 4: Control Your Money website
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Slide 5: Slide 5
Slide 6: Slide 6
Slide 7: Finanstrainer
AnfOurmaz Finanstrainea HANGING «7 “Oe Preceamn ng danekebery Y/bedrabenk
Slide 8: Slide 8
Slide 9: Results
Results DKr million 2008 2009 Index Net interest income 27,005 27,524 102 Net fee income 8,110 7,678 95 Net trading income 6,076 18,244 300 Other income 3,585 3,083 86 Net income from insurance business -1,733 2,810 - Total income 43,043 59,339 138 Expenses 24,865 24,283 98 Goodwill, Bank Package I,
Slide 10: Shareholders' equity increased in 2009
Shareholders’ equity increased in 2009 DKr billion 105 2008 2009 100 95 Shareholders' equity
Slide 11: Slide 11
Slide 12: Good trend in income
Good trend in income DKr million 2008 2009 Index Net interest income 27,005 27,524 102 Net fee income 8,110 7,678 95 Net trading income 6,076 18,244 300 Other income 3,585 3,083 86 Net income from insurance business -1,733 2,810 - Total income 43,043 59,339 138 Expenses 24,865 24,283 98 Goodwill, Ba
Slide 13: Slide 13
Slide 14: Costs remained stable
Costs remained stable • Expenses up1%: Goodwill impairment charges DKr 1.5bn Commission, Bank Package I DKr 2.5bn Cover of losses of banks in FS DKr 1.6bn • Severance payments DKr 0.7bn
Slide 15: Costs remained stable
Costs remained stable DKr million 2008 2009 Index Net interest income 27,005 27,524 102 Net fee income 8,110 7,678 95 Net trading income 6,076 18,244 300 Other income 3,585 3,083 86 Net income from insurance business -1,733 2,810 - Total income 43,043 59,339 138 Expenses 24,865 24,283 98 Goodwill, B
Slide 16: Board of Directors
Board of Directors • Fixed annual remuneration of DKr325,000 • Chairman gets triple amount • Vice chairmen get double amount • DKr200,000 for committee work • Extraordinary DKr40,000 addition to committee chairmen who are not the chairman or a deputy chairman of the Board • The maximum is double the
Slide 17: Remuneration of Executive Board
Remuneration of Executive Board • No bonus payments in 2009 • No share-based compensation • Incentive programme suspended in 2008 • Remuneration of CEO unchanged relative to 2008 • Other Executive Board members have received partial compensation for share-based compensation
Slide 18: Remuneration policy (incentive pay)
Remuneration policy (incentive pay) • New rules are being drawn up • Executive Board members, other senior managers and customer advisers get NO performance-based pay • Staff at Danske Markets and Danske Capital are paid in accordance with G20 recommendations
Slide 19: Charges broken down by customer type
Charges broken down by customer type DKr billion 30 DKr billion Impairmt charges 2009 25 Bank Pack. I 10 Retail 9 20 8 Financial 7 15 6 5 10 4 17,4 Corporate 3 2 5 1 0 0 Q4 08 Q1 09 Q2 09 Q3 09 Q4 09
Slide 20: Slide 20
Slide 21: Slide 21
Slide 22: Impairment charges and losses
Impairment charges and losses DKr million 2008 2009 Index Net interest income 27,005 27,524 102 Net fee income 8,110 7,678 95 Net trading income 6,076 18,244 300 Other income 3,585 3,083 86 Net income from insurance business -1,733 2,810 - Total income 43,043 59,339 138 Expenses 24,865 24,283 98 Goo
Slide 23: Impairment charges and losses
Impairment charges and losses DKr billion 10 Impairment charges Actual losses 8 6 4 2 0 4.Q4 kvt.08 08 1.Q1 kvt.09 09 2.Q2 kvt.09 09 3.Q3 kvt.09 09 Q4 4. kvt.09 09
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Slide 25: Impairment charges by market
-100 1100 100 300 500 700 900 Baltics Baltikum bp Markets Markets Irland Ireland Northern Nordirland Ireland Finland Finland Impairment charges Denmark Danmark Øvrige Other Norge Norway Sweden Sverige Capital Dk Capital
Slide 26: Tax
Tax DKr million 2008 2009 Index Net interest income 27,005 27,524 102 Net fee income 8,110 7,678 95 Net trading income 6,076 18,244 300 Other income 3,585 3,083 86 Net income from insurance business -1,733 2,810 - Total income 43,043 59,339 138 Expenses 24,865 24,283 98 Goodwill, Bank Package I, sev
Slide 27: Trend in risk-weighted assets
4. Q4 2008 kv.2008 960 Change in lending Ændring i udlån 99 Kreditkvalitet Credit quality 32 parametre 26 NewNye parameters Markeds-og Market and 33 modpartsrisiko counterparty risks Trend in risk-weighted assets (DKr billion) Reduction of risk-weighted assets 4. Q4 2009 kv.2009 834
Slide 28: Solvency
Solvency % 20 2008 2009 15 +4.8% +4.9% 10 5 0 Tier I capital (%) Solvency (%)
Slide 29: Bank Packages
Bank Packages BILL Bank Package I 4.1 Interest on hybrid capital (net – 5 yrs) 12.5 Total 16.6 billion
Slide 30: Liquidity
Liquidity - considerable improvement in 2009 especially through raising of loans with terms up to 10 years 450 DKr billion 300 150 End-2009 End-2008 End-Q3 2009 0 -150 11week 2 months 3 months 4 months 9 months 22weeks 33weeks month months 5 months 6 months mdr mdr 2 mdr 3 mdr 4 mdr 5 mdr 6 mdr 9 md
Slide 31: Danske Bank is competitive
Danske Bank is competitive Source: www.pengepriser.dk
Slide 32: Digital Banking
Digital Banking
Slide 33: danskebank.dk/panel
danskebank.dk/panel • Text “panel” to 1969
Slide 34: Allocation of profits
Allocation of profits Profit DKr million Net profit for the year 1,001 Equity method reserve 3,012 Retained earnings ÷2,011
Slide 35: Danske Bank shares vs. banks and MSCI Europe
100 150 200 50 0 Mar. mar.2005 2005 Index Jun. jun.2005 2005 Sep. sep.2005 2005 Dec. dec.2005 2005 01-03-2005 =100 Mar. mar.2006 2006 Jun. jun.2006 2006 Sep. sep.2006 2006 Dec. dec.2006 2006 Mar. mar.2007 2007 Jun. jun.2007 2007 Danske Bank shares Sep. sep.2007 2007 Dec. dec.2007 2007 Mar. mar.2008
Slide 36: InvestorPortal
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Slide 37: Outlook for 2010
Outlook for 2010 Rising unemployment GDP growth in most of our markets Results at Danske Markets and Danske Capital depend on trends in the financial markets Lower costs than in 2009 High level of IT investments Lower impairment charges than in 2009, but still high level
Slide 38: Results and tax
Results and tax DKr million 21000 Profit before tax 18000 Tax 15000 12000 9000 6000 3000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Slide 39: Item a: Submission of the annual report for adoption
Item a: Submission of the annual report for adoption