Danske Bank Raises Full-Year Earnings Guidance

Previously, the consensus estimate projected a net profit of DKK5.02 billion with net interest income of DKK9.15 billion, indicating Danske Bank's outperformance. Encouraged by these positive results, the bank has raised its full-year net profit forecast to a range of DKK19.5 billion to DKK20.5 billion, up from the previous estimate of DKK18.5 billion to DKK20.5 billion. Alongside this revision, Danske Bank has lowered its loan impairment charges projection for the year to up to DKK1 billion, down from the earlier estimate of up to DKK1.5 billion.

Looking ahead, the bank anticipates that its net interest income will continue to grow, with fee income expected to be below 2022 levels. Furthermore, Danske Bank estimates its costs to range between DKK25 billion and DKK25.5 billion. This positive outlook is supported by a rise in the bank's common equity Tier 1 ratio, a key indicator of financial strength, which increased to 18.8% compared to 16.9% in the previous year.

In summary, Danske Bank's strong performance in the third quarter has prompted an upward revision of its full-year earnings guidance. With an increased net profit forecast and lower loan impairment charges projection, the bank is poised for a successful year ahead.