Danske Bank Plc - Half Year financial report

Danske Bank Plc Group's January - June 2017: Solid performance across businesses

Danske Bank Plc Group's January - June 2017:

Solid performance across businesses

Danske Bank Finland's* core business continued to perform solidly in January-
June 2017. The Finnish economy grew faster than previously forecasted, and the
Bank's lending increased to both personal and corporate customers. Lending to
small and medium sized corporate customers increased by 6 %, with healthy demand
across business sectors. Consumer interest in mortgages continued record high,
and the volume of new granted mortgages grew by 13 % compared to previous year.

Total income for Danske Bank's operations in Finland for January - June 2017
amounted to EUR 324.8 million (EUR 316.9 million in H1 2016), up 3 % compared to
previous year. The growth was mainly due to increase in net interest income.
Operating expenses were flat, and profit before taxes increased by 6 % to EUR
138.7 million.

"During the first half of the year we saw continued solid performance across
business units. Net interest income development is on a good track, driven by
steady growth in lending in combination with lower funding costs" said Risto
Tornivaara, CEO of Danske Bank Plc.

Mobile payments gained good traction during the period. MobilePay downloads
increased with more than 50% to over 500.000. MobilePay's position as Finland's
leading mobile payment solution was further strengthened by the launch of
Finland's first small business mobile payment solution and new payment provider
partnership agreements which brought MobilePay to over 10.000 online shops.

*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                           H1 2017  H1 2016 Change YTD 2016
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Net interest income                      178.1    161.3  10.4%    331.5

Net fee income                           126.8    132.5  -4.3%    257.8

Net trading income                        13.1     17.9 -26.8%     16.4

Other income                               6.8      5.2  30.4%     12.2
-----------------------------------------------------------------------
Total income                             324.8    316.9   2.5%    617.9

Operating expenses                       184.1    183.5   0.3%    375.4
-----------------------------------------------------------------------
Profit before loan impairment charges    140.7    133.4   5.5%    242.5
-----------------------------------------------------------------------
Loan impairment charges                    2.0      2.6 -22.6%      1.3
-----------------------------------------------------------------------
Profit before tax                        138.7    130.8   6.0%    241.2



C/I-ratio, %                             56.7%    57.9%  -1.2%    60.8%



Loans                                 22 102.5 21 552.0   2.6% 21 397.3

Deposits                              20 269.5 19 035.1   6.5% 18 576.8






Danske Bank Plc Group's Financial Highlights

EUR millions                             H1 2017  H1 2016 Change YDT 2016
-------------------------------------------------------------------------
Net interest income                        158.1    145.8   8.4%    296.1

Net fee income                             113.8    116.4  -2.2%    230.3

Net trading income                          12.0     16.8 -28.6%     14.4

Other income                                11.9     10.1  17.7%     22.4
-------------------------------------------------------------------------
Total income                               295.8    289.1   2.3%    563.1

Operating expenses                         173.5    170.8   1.6%    351.7
-------------------------------------------------------------------------
Profit before loan impairment charges      122.3    118.3   3.3%    211.5
-------------------------------------------------------------------------
Loan impairment charges                      2.1      2.6 -19.6%      1.2
-------------------------------------------------------------------------
Profit before tax                          120.2    115.7   3.9%    210.3



C/I-ratio, %                               58.7%    59.2%  -0.5%    62.4%

ROE, %                                      7.5%     7.5%   0.0%     6.7%

Total capital ratio, % *                   21.8%    19.5%   2.3%    20.0%

Common equity tier 1 capital ratio, % *    21.8%    18.6%   3.2%    19.2%

FTE at the end of period                   1 588    1 736  -8.5%    1 594



Loans                                   20 912.3 20 309.2   3.0% 20 235.1

Deposits                                17 700.8 17 065.2   3.7% 16 635.5

Total equity                             2 562.0  2 550.3   0.5%  2 626.2

Total balance sheet                     29 827.0 30 174.6  -1.2% 28 962.1





*Danske Bank Plc's profit after taxes for January-June is not included in Tier
1 distributable capital in solvency calculations at the end of June 2017.

Figures in this press release have not been audited.

 Danske Bank Plc publishes only one interim report during 2017. The entire
report for January-June 2017 is attached to this release as a PDF file. 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 H2 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 Danske Bank A/S, Helsinki branch. The merger is
going according to plan, and Danske Bank has applied for the required approvals.
The merger rationale is to simplify our organisation. The change will be
primarily of a technical nature and would not change the way in which we serve
our customers, nor would employees experience changes.


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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Viðhengi:

Danske Bank plc s interim report 1-6/2017.pdf