Danske Bank A/s · OMXCOP:DANSKE
Danske Bank A/s — Q2 2025 Earnings Presentation
14 slides from Danske Bank A/s's earnings presentation, July 2025
Slide 1: Financial results – Q2 2025
Presentation for Q2 conference call Financial results – Q2 2025 Carsten Egeriis Cecile Hillary Chief Executive Officer Chief Financial Officer
Slide 2: Highlights: Solid financial performance and progress on Forward '28 strategy
Financial results – Q2 2025 Highlights : Solid financial performance and progress on Forward ’28 strategy as we further enhance our market position in strong Nordic economies Commercial highlights ➢ Strong operating environment and economic backdrop, particularly in Denmark with GDP growth of 3.2% e
Slide 3: Personal Customers: Performance supported by deposit growth and customer activity
Financial results – Q2 2025 Personal Customers: Performance supported by deposit growth and customer activity partially offsetting rate impact and lower fee income Highlights* Financial performance KPIs Y/Y total income decreased, in part Total income PC NO ROAC (%) Cost/income (%) due to the divest
Slide 4: Business Customers: Solid growth in lending volumes and expanding customer base
Financial results – Q2 2025 Business Customers: Solid growth in lending volumes and expanding customer base underpin increased commercial momentum Highlights Financial performance KPIs Y/Y NII resilient and fee income up Total income ROAC (%) Cost/income (%) 3%. Total income affected by lower (DKK m
Slide 5: Large Corporates & Institutions: Strong financial performance from continued lending growth
Financial results – Q2 2025 Large Corporates & Institutions: Strong financial performance from continued lending growth and customer activity despite capital markets uncertainty Highlights Financial performance KPIs Total income up (+8% Y/Y), Total income ROAC (%) Cost/income (%) supported by volume
Slide 6: Solid financial performance supported by core lines
Financial results – Q2 2025 Solid financial performance supported by core lines. Profit before impairments stable Y/Y as rate cuts are mitigated by growing volumes and hedge benefit Highlights Income statement (DKK m) Y/Y: Solid total income supported H1 25 H1 24 Index Q2 25 Q1 25 Index by resilient
Slide 7: NII: Resilient NII underpinned by positive volumes and deposit hedge
Financial results – Q2 2025 NII: Resilient NII underpinned by positive volumes and deposit hedge, mitigating rate impact on deposit margins and lower yield on equity Highlights NII H125 vs H124 (DKKm) Deposit margin development** (%) PC NO 3.0 Adj. +0.5% NII stable both Y/Y and Q/Q when adjusting fo
Slide 8: Fee income: Stable fee income development Y/Y
Financial results – Q2 2025 Fee income: Stable fee income development Y/Y, however, Q2 impacted by volatile financial markets and seasonality in lending activity Highlights Net fee income (DKK m) Everyday banking fees (e.g. transfers, accounts) +2% adj. Customer demand for everyday banking solutions
Slide 9: Trading income: Customer activity in Q2 impacted by volatile market conditions
Financial results – Q2 2025 Trading income: Customer activity in Q2 impacted by volatile market conditions Highlights Net trading income (DKK m) LC&I +26% Y/Y: Higher customer activity offset by 1,736 adjustments of the fair value of the derivatives portfolio (xVA) 356 Q/Q: Lower customer activity i
Slide 10: Expenses: Cost trajectory in line with full-year guidance
Financial results – Q2 2025 Expenses: Cost trajectory in line with full-year guidance Highlights Expenses (DKK m) -1% Y/Y: Costs down 1% as higher staff costs, 117 -68 performance-based compensation and -82 digitalisation investments were more than offset 136 12,818 by lower resolution fund fees and
Slide 11: Asset quality: Strong credit quality underpinned by few single-name impairments
Financial results – Q2 2025 Asset quality: Strong credit quality underpinned by few single-name impairments; prudent macro scenarios and PMA buffer in place Highlights Impairment charges by category (DKK bn) Credit quality deterioration PMAs Macro models 0.22 0.32 Strong credit quality and modest si
Slide 12: Capital: Strong capital generation with CET1 capital ratio improving to 18.7%
Financial results – Q2 2025 Capital: Strong capital generation with CET1 capital ratio improving to 18.7% Highlights CET1 development (%) CET1 buffer CET1 capital requirement 18.7 CET1 capital ratio remained strong and improved further from 18.4% in Q1 to 0.1 18.4 0.3 18.7% in Q2, as REA was largely
Slide 13: Financial outlook for 2025 affirmed
Financial results – Q2 2025 Financial outlook for 2025 affirmed We continue to expect total income to be slightly lower in 2025 than in 2024, driven by lower, albeit resilient, NII. Core banking income to be supported by our focus on fee income and our continued efforts to Income drive commercial mo
Slide 14: Q&A Session
Financial results – Q2 2025 Q&A Session Press *11 to ask a question Danske Bank 14