Danske Bank – The way forward
Glenn Söderholm, Head of Banking Nordic, Member of the Executive Board
UBS Nordic Financial conference, Grand Hôtel, Stockholm 6 September 2018 We have….
DRIVEN CUSTOMER ATTENTION SIMPLICITY EFFICIENCY
DE-RISKED & REFOCUSED
INCREASED NORDIC AMBITIONS
DELIVERED INNOVATION
1 Strong financials; mixed results for H1 2018
RoE after tax*; % Total expenses**; DKK bn CET1 ratio; %
13.1 13.6 24.0 23.2 17.6 22.6 22.7 16.1 16.3 15.9 11.6 11.9 15.1
8.6
11.4
2014 2015 2016 2017 H1 2018 2014 2015 2016 2017 H1 2018 2014 2015 2016 2017 H1 2018
* Before goodwill impairments in 2014 and 2015 **Expenses in 2015 have been restated to reflect organizational changes 2 We are a Nordic universal bank with strong regional roots
Norway Finland Challenger position 3rd largest Market share – 6% Market share – 10% Share of Group lending – 10% Share of Group lending – 9% Growth in retail lending Y/Y – 6% Growth in retail lending Y/Y – 1% Growth in commercial lending Y/Y – 7% Growth in commercial lending Y/Y – 11%
Denmark Sweden Market leader Challenger position Market share – 27% Market share – 6% Share of Group lending – 51% Share of Group lending – 13% Growth in retail lending Y/Y – 2% Growth in retail lending Y/Y – 14% Growth in commercial lending Y/Y – 2% Growth in commercial lending Y/Y – 13%
Northern Ireland Market leader Market share – Personal 19%/Business 23% Share of Group lending – 3%
Note: Data as per end-Q2 2018 unless otherwise stated. Share of Group lending is before loan impairment charges and excludes Corporates & Institutions (10%) and Wealth Management (4%), however most of these are Nordic clients. Lending growth is calculated based on local currency lending volumes. 3 The market will continue to change
New solutions are Regulation emerging
The pace of Constantly increasing change is Macroeconomics competition accelerating
Evolving customer Societal expectations expectations
4 The Nordic Integrator
5 Key priorities
6 It’s all about the customers
7 Our new organisation Executive Board
CEO Internal Audit Thomas F. Borgen Dorthe Tolborg
Chief of Staff New Business Models Morten Mosegaard To be appointed
Banking Banking Corporates & Wealth Group DK Nordic Institutions Management Compliance** Jacob Philippe Vollot Jesper Nielsen Glenn Söderholm Jakob Groot Aarup-Andersen (fr. 01.12.2018)
Group COO area CFO area* Group Risk Group HR Development Management Frederik Gjessing Jim Ditmore Christian Baltzer Carsten Henriette Fenger Vinten (fr 15.10. 2018) Rasch Egeriis Ellekrog
* Morten Mosegaard will be interim head of CFO area
** Anders Meinert Jørgensen will remain Head of Group Compliance until Philippe Vollot takes over 8 9 Disclaimer
Important Notice This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of Danske Bank A/S in any jurisdiction, including the United States, or an inducement to enter into investment activity. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. The securities referred to herein have not been, and will not be, registered under the Securities Act of 1933, as amended (“Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.
This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Danske Bank believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of various factors many of which are beyond Danske Bank’s control.
This presentation does not imply that Danske Bank has undertaken to revise these forward-looking statements, beyond what is required by applicable law or applicable stock exchange regulations if and when circumstances arise that will lead to changes compared to the date when these statements were provided.
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