Danske Bank (One-pager): A leading Nordic bank and the largest in Denmark


Today we post an updated One-pager on Danske Bank, updating the investment case following Q1 2023, and as markets look towards the company updating its strategic priorities and financial targets on 7th June 2023.

The company delivered strong net interest incomes in Q1 2023 supported by higher interest rates resulting in a guidance upgrade for Net incomes of DKK 16.5-18.5bn, up from DKK 15-17bn previously. The bank also reduced its expectations for loan impairment charges as credit quality remains strong with its new guidance for full-year loan impairment charges of DKK 2.5bn, down from DKK 3.0bn.

While risks still exist in the market, following numerous bank failures in the US and EU, markets are looking towards Danske Bank’s updated strategic priorities and financial targets on 07.06.23, as the bank returns complete focus to business operations following the settlement of its primary cases related to the Estonia matter in Denmark and the US. Investors are anticipating details on how Danske Bank can close the gap against its peers, which may result in valuation upside.

To learn more about Danske Bank, its current market conditions, valuation against its peers, and market outlook, read the One-pager, or catch up on the latest Q1 2023 earnings event hosted together with Claus Ingar Jensen.

Q1 2023 earnings presentation: https://www.inderes.dk/videos/danske-bank-praesentation-af-q1-kvartalsregnskabet-2023

Disclaimer: HC Andersen Capital receives payment from Danske Bank for a digitalIR/corporate visibility subscription agreement./Philip Coombes 09:00 17.05.2023.