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Danske Bank (One-pager): Now expect a result in the upper end of the guidance range for 2025

Danske Bank
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Following the release of Danske Bank’s Q3 2025 report, along with several of its peers reporting earlier in October, we have updated our One-pager to include a refreshed peer group of the major listed Nordic banks.

Read our latest One-pager for insights into recent developments at Danske Bank, its progress in narrowing the valuation gap with peers, updates on key investment risks and opportunities, and a closer look at its Forward ’28 Strategy.

Disclaimer: HC Andersen Capital receives payment from Danske Bank for a Digital IR subscription agreement. /Rasmus Køjborg, CFA at 21:00 CET on 03/11-2025.

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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