Danske Bank A/S (DNSKF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Welcome to the conference call for Danske Bank's financial results for the first nine months of 2025. My name is Claus Inger Jensen, and I'm head of Danske Bank's investor relations. With me today, I have our CEO, Carsten Eris, and our CFO, Cecile Hillary. We aim to keep this presentation to around 20 minutes. After the presentation, we will open up for a Q&A session as usual. Afterwards, feel free to contact the investor relations department if you have any more questions. I will now hand over to Carsten. Slide one, please. Thanks, Klaus. And I would also like to welcome you to our conference call, where I'm pleased to share the highlights of Danske Bank's financial results for the first nine months of 2025. This period saw solid financial performance rooted in our strategic priorities as outlined in our 428 strategy. Net profit for the first nine months came in at 16.7 billion, equivalent to a return on equity of 12.9% for the first nine months and 12.6% for the third quarter. On the macroeconomic front, the Nordic region shows promising growth, aligning closely with structural rates, and despite some downward revisions of GDP growth for Denmark, the economy remains strong. The support of low interest rates set by central banks in Europe are contributing positively to the business environment we are operating in. And our achievements can be attributed to a good performance across core income lines, prudent cost management, and while maintaining strong credit quality. We are pleased with the increased commercial momentum that we saw during the first nine months. This is in particular evident from an uplift in lending and deposit volumes of 4% and 3%, respectively. The positive traction for lending is mainly due to higher customer activity in ...