Danske Bank A/S revised earnings guidance for the year 2022. Due to challenging financial market conditions, the bank revises 2022 net profit outlook downwards despite a positive development for core banking activities. Now expects a net profit of DKK 10-12 billion.

At the release of 2021 financial results on 3 February this year, the company initially guided for a full-year 2022 net profit in the range of DKK 13-15 billion subject to normalised financial market conditions. The company expects full year income from core banking activities to be above the level in 2021 as higher net interest income driven by good economic activity will more than offset lower capital market and investment related fee income. Net income from insurance business and trading activities in the second half of 2022 will be below normalised levels and remain subject to the financial market conditions.