Net profit for Danske Bank

Source: Danske Bank

Danske Bank reports net profit of DKK 13.1 billion (EUR 1,755 million) for the first nine months of 2015

Danske Bank has announced its financial results for the first nine months of 2015.

"In the first nine months, we continued to benefit from our diversified business model and posted a satisfactory result despite the ongoing adverse effects of the negative interest rate environment. The result was driven by solid customer activity that was particularly high in the first half of 2015 and lower impairments," says Thomas F. Borgen, Chief Executive Officer.

"Our underlying business remains robust with good customer development and increased demand for our products in most of our markets that offset the adverse effects of the negative interest rate environment. Total income was at the same level as in the first nine months of last year even though the third quarter of 2015 was somewhat weaker than the first two quarters. We continued to execute on our strategy to become a more customer-centric, simple and efficient financial partner. Among other things, we launched a number of initiatives aimed at making daily banking easier and improving the customer experience.

We maintain our guidance for a net profit of above DKK 16 billion (EUR 2,145 million) for 2015."

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