Danske Bank announced better-than-expected fourth-quarter earnings, and stressed that it expects net profits in 2022 to be higher than in 2021.
The Danish bank posted net profit for the quarter of SEK 3.65 billion ($ 554.1 million), with net interest income of SEK 5.55 billion.
Analysts expected net profit of 3.46 billion kroner, with net interest income at 5.55 billion kroner.
The bank proposed a total dividend for 2021 of 7.5 kroner with an initial payment of 2 kroner and the remaining amount in installments in 2022.
Danske Bank stressed that it expects net profits for 2022 at 13-15 billion kroner, compared to 12.92 billion kroner in 2021.
“Our estimates are based on the expectation of higher income from core banking in 2022, due to good economic activity and progress towards our financial ambitions in 2023, while spending is expected to reach 25 billion kroner and impairments are expected to be found. lower than normal levels “, stressed the financial director.
The bank maintained its equity return estimates at 8.5% -9% in 2023 and 9% -10% during the cycle.
Source: Capital
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