Danske published a strong Q2, beating consensus excluding the impact from the provisioning related to the exit of Norwegian retail banking operations. The NII recovery continued thanks to the rise in deposit margins while there were positive surprises from the trading result and lower loan impairments. Building on the better-than-anticipated asset quality and the continued recovery of NIM, the management again upgraded its guidance for 2023, which now expects a DKK18.5-20.5bn net result vs DKK16 ....
21 Jul 2023
Q2: Deposit margins continue to rise; 2023 guidance again upgraded
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Q2: Deposit margins continue to rise; 2023 guidance again upgraded
- Published:
21 Jul 2023 -
Author:
Sylvain Perret -
Pages:
3
Danske published a strong Q2, beating consensus excluding the impact from the provisioning related to the exit of Norwegian retail banking operations. The NII recovery continued thanks to the rise in deposit margins while there were positive surprises from the trading result and lower loan impairments. Building on the better-than-anticipated asset quality and the continued recovery of NIM, the management again upgraded its guidance for 2023, which now expects a DKK18.5-20.5bn net result vs DKK16 ....