Danske delivered another solid Q3 report with the adjusted pre-provision profit (adj. for trading result) coming in 3%/2% above ARCe/Cons. Credit quality also remains stellar with the bank posting DKK 8m in net reversals in Q3, despite the judgment buffer remaining unchanged q/q at DKK 5.7bn. Capital also surprised positively and, as the bank potentially could see tailwinds of ~35-40 bps in Q4 on its CET 1 requirement (lower CRE-buffer and Estonia P2 add-on being removed), it also bodes well for ....
