Q3 2025 Danske Bank A/S Earnings Call Transcript
Key Points
- Danske Bank AS (DNKEY) reported a net profit of DKK16.7 billion for the first nine months of 2025, with a return on equity of 12.9%.
- The bank saw an uplift in lending and deposit volumes by 4% and 3% respectively, driven by higher customer activity in the corporate and retail segments.
- Assets under management reached an all-time high of more than DKK950 billion, supported by strong net sales in private banking and institutional segments.
- Credit quality remained strong with a loan loss ratio of just 2 basis points, supported by favorable macroeconomic conditions.
- The bank maintained its guidance range for net profit between DKK21 billion and DKK23 billion, expecting it to be at the upper end due to better net interest income and improved outlook for loan impairment charges.
- Net profit for the group was down 5% year-on-year, primarily due to loan impairments and lower insurance income.
- Total income was slightly down in the third quarter as income from trading and insurance activities decreased.
- Operating expenses remained unchanged relative to the same period last year, indicating challenges in reducing costs.
- Income from insurance activities was lower due to increased provisions and lower returns on investments.
- The bank faces a competitive market environment, particularly in Denmark, with ongoing consolidation in the banking sector.
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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 Jensen, and I'm Head of Danske Bank's Investor Relations. With me today, I have our CEO, Carsten Rasch Egeriis; 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 1, please.
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Thanks, Claus, 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 strategies. Net profit for the
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