A.P. MØLLER HOLDING A/S
ANNUAL ∙ REPORT 2017
DANSKE BANK A/S
expectations and demands, increased competition and increased regulation. Danske Bank continues to focus on four strategic themes: •
Danske Bank delivered a strong financial result with net profit of DKK 20.9bn (DKK 19.9bn) and a return on shareholder’s equity of 13.6%, well ahead of management’s own target of return on shareholder’s equity of at least 12.5%
ABOUT Danske Bank is a Nordic universal bank with four core Nordic markets (Denmark, Norway, Sweden and Finland) and four business segments (personal, business, corporate and institutions and wealth). The universal banking model provides a strong diversified platform delivering synergies across core markets. A.P. Moller has been involved in Danske Bank since 1928 and in 2015, A.P. Moller Holding acquired a 20% direct ownership stake in Danske Bank.
During 2017, Moody’s upgraded Danske Bank’s credit baseline to a3 from baa1. S&P and Fitch maintained their rating.
•
•
•
Nordic potential Realising full Nordic potential to diversify business and strengthen footprint supported by growth strategy in Sweden and Norway. Digitalisation Digitalisation offers opportunities to deliver on the strategy of becoming a more customer-driven, simple and efficient bank. Customer experience The customer promise and ambitions frame the experiences Danske Bank wants to deliver in creating a leading customer experience. People and culture Ensuring a high performing, agile organisation to match the increasing customer expectations remains a key priority.
REVENUE (DKKm) 39,740
2013
45,330
45,611
47,959
48,149
2014
2015
2016
2017
19,858
20,900
2016
2017
NET PROFIT (DKKm)
13,123 7,115
2013
3.948 2014
2015
CET1 CAPITAL RATIO (%)
THE YEAR IN BRIEF
14.7%
15.1%
Danske Bank continued to successfully develop the partnership strategy in Norway and Sweden which has boosted its presence in the personal and business banking segments utilizing the potential as a challenger to the leading banks in the local markets.
2013
2014
16.1%
2015
17.6% 16.3%
2016
2017
4.2%
4.1%
2016
2017
DIVIDEND YIELD (%)
STRATEGY REVIEW Danske Bank’s vision is to become the most trusted financial partner by creating long-term value for all their stakeholders.
4.3% 3.3% 1.6%
Danske Bank is focused on reacting to the rapid changes which the financial industry is currently undertaking, due to low interest rate environment, digitalization, changed customer
2013
2014
2015
16
