Danske Bank H1 net profit rises; 2026 outlook raised

Danske Bank A/S

17/07/2026 06:39

Overview
Denmark's Danske Bank H1 net profit rose 6% to DKK 11.9 bln on broad income growth
Loan impairments remained low, reflecting strong credit quality
Bank raised 2026 net profit outlook to DKK 23-25 bln

Outlook
Danske Bank raises 2026 net profit outlook to DKK 23-25 bln
Company expects return on equity of around 14% in 2026
Danske Bank sees favourable economic development in Denmark and Nordic countries despite global uncertainty

Result Drivers
INCOME GROWTH - Broad-based growth in net interest income, fee income, and insurance business income drove H1 results
LENDING AND DEPOSIT VOLUMES - Higher lending volumes and improved deposit margins supported net interest income
CREDIT QUALITY - Low loan impairment charges reflected strong credit quality

Company press release: ID:nGNE5JtRnS

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Total Income
 
DKK 29.10 bln
 
H1 Net Income
 
DKK 11.90 bln
 
H1 Net Interest Income
 
DKK 18.70 bln
 
H1 CET1 Capital Ratio
 
17.00%
 
H1 Net Fee Income
 
DKK 8 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Danske Bank A/S is DKK385.00, about 4.1% above its July 16 closing price of DKK370.00
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)