Danske Bank Plc - Interim report (Q1 and Q3)

Danske Bank Plc Group's January - September 2017: Good performance across businesses

Danske Bank Finland's* core business performed well in January-September 2017.
Growth in Finnish economy strengthened, and the Bank's lending increased to both
corporate and personal customers. Total lending increased by 4%. Volume of
granted new mortgages showed good development, with volume of granted mortgages
for first homes growing by 28% compared to previous year.

Total income for Danske Bank's operations in Finland for January-September 2017
amounted to EUR 481.2 million (EUR 449.9 million in 1-9 2016), up 7% compared to
previous year. The growth was driven by increases in net interest income and net
trading income. Operating expenses decreased by 2%, and profit before taxes
increased by 20% to EUR 214.5 million.

"Our solid performance continued during the third quarter, and I am glad to note
good development in lending across business units. Net interest income remains
on a good track, driven by continued growth in lending in combination with lower
funding costs," said Risto Tornivaara, CEO of Danske Bank Plc.

Strong traction in mobile payments continued during the period and MobilePay
further strengthened its position as the most popular and comprehensive solution
in Finland. During the 9 month period, MobilePay was downloaded 153% more often
than in January-September 2016, and the amount of transactions conducted through
MobilePay increased by 168%. Now already 650.000 Finns have MobilePay in their
smartphone and it is expected that the number of transactions conducted through
MobilePay will exceed 4 million during 2017.

*Includes Danske Bank Plc Group and the Helsinki Branch of Danske Bank A/S.


 Financial Highlights of Danske Bank's operations in Finland

In addition to Danske Bank Plc, Danske Bank's operations in Finland include the
Helsinki branch of Danske Bank A/S.

EUR millions                          Q1-Q3 2017 Q1-Q3 2016 change YTD 2016
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Net interest income                        267.3      242.7  10.1%    331.5

Net fee income                             185.3      194.3  -4.7%    257.8

Net trading income                          16.6        4.8 246.0%     16.4

Other income                                12.1        8.0  49.9%     12.2
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Total income                               481.2      449.9   7.0%    617.9

Operating expenses                         265.5      271.1  -2.1%    375.4
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Profit before loan impairment charges      215.7      178.8  20.6%    242.5
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Loan impairment charges                      1.2        0.0      -      1.3
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Profit before tax                          214.5      178.8  20.0%    241.2



C/I-ratio, %                               55.2%      60.3%  -5.1%    60.8%

Loans                                   22,265.4   21,415.9   4.0% 21,397.3

Deposits                                20,627.2   20,189.3   2.2% 18,576.8




Danske Bank Plc Group's Financial Highlights

EUR millions                            Q1-Q3 2017 Q1-Q3 2016 change YTD 2016
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Net interest income                          238.6      218.0   9.5%    296.1

Net fee income                               168.7      172.9  -2.4%    230.3

Net trading income                            15.0        3.0 400.8%     14.4

Other income                                  18.9       15.5  22.4%     22.4
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Total income                                 441.2      409.3   7.8%    563.1

Operating expenses                           251.8      254.7  -1.1%    351.7
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Profit before loan impairment charges        189.3      154.6  22.4%    211.5
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Loan impairment charges                        1.2        0.0      -      1.2
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Profit before tax                            188.1      154.6  21.7%    210.3



C/I-ratio, %                                 57.1%      62.2%  -5.1%    62.4%

ROE, %                                                                   6.7%

Total capital ratio, % *                                                20.0%

Common equity tier 1 capital ratio, % *                                 19.2%

FTE                                          1,474      1,733 -14.9%    1,594



Loans                                     21,149.9   20,261.5   4.4% 20,235.1

Deposits                                  17,987.7   17,916.5   0.4% 16,635.5

Total equity                               2,616.4    2,581.5   1.4%  2,626.2

Total balance sheet                       29,302.5   30,747.6  -4.7% 28,962.1



* Danske Bank Plc's profit after taxes for January-December is not included in
Tier 1 distributable capital in solvency calculations at the end of December
2016.
**Figures in this press release have not been audited.


Danske Bank Plc publishes only one interim report during 2017. The Group's
financial statement for January-December 2017 will be released on 2 February
2018.


Outlook for 2017

Growth in Finnish economy is expected to remain moderate in 2017-2018 and the
interest environment, especially short-term interest rates, is expected to
remain at low level also during the rest of 2017.

We expect our lending to personal and corporate customers to continue growing in
2017 and thus we anticipate that our net interest income and total income will
be higher compared to 2016.

Operating expenses are expected to be slightly lower than previous year since
the Bank continues to have a strong focus on improving our cost efficiency and
operational processes. Overall, we expect that profit before tax for 2017 will
be slightly higher than 2016.


Merging of activities in Finland

As described in Annual Report 2016, Danske Bank is taking steps to merge its
Finnish banking activities into a single branch. The merger is going according
to plan, and Danske Bank plans to execute the merger at year end 2017. As a part
of Danske Bank's efforts to simplify its organization and legal structure,
Danske Mortgage Bank Plc, a wholly owned subsidiary of Danske Bank A/S, was
incorporated as of October 31, 2017, and the demerger of Danske Bank Plc's
mortgage banking activities in accordance with the demerger plan first
communicated on March 23, 2017 was implemented.

The merging of activities will be primarily of a technical nature and would not
change how Danske Bank serves its customers, nor would employees experience
changes.

Changes in management

Leena Vainiomäki, head of Business Banking in Finland, has been appointed as
head of sales in Danske Bank Group's Transaction Banking business as of November
1, 2017. Matti Vainionpää, head of Business Banking's Large Customer Unit in
Finland has been appointed as acting head of Business Banking in Finland.

Risto Tornivaara, CEO of Danske Bank Plc, has announced that he will retire in
line with terms of his employment contract during 2018. Search for new country
manager for Danske Bank in Finland has been initiated.



For further information:
Risto Tornivaara, CEO of Danske Bank Plc, tel. +358 (0)10 546 6675



Danske Bank is Finland's third largest bank, which serves around a million
Finnish personal, business and institutional customers. Danske Bank Plc is a
part of the Nordic Danske Bank Group.

Danske Bank is a Nordic universal bank with strong regional roots and bridges to
the rest of the world. We serve more than 3.4 million personal, business and
institutional customers, and in addition to banking services, we offer life
insurance and pension, mortgage credit, wealth management, real estate and
leasing services and products.

Our vision is to be recognised as the most trusted financial partner. We are
driven by a desire to make important financial decisions and daily banking easy,
and our aim is to create long-term value for our customers and investors and the
societies we are a part of.

Danske Bank is headquartered in Copenhagen and is listed on Nasdaq Copenhagen.

www.danskebank.com


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