OREANDA-NEWS. Danske Bank has announced its financial results for the first nine months of 2013.

Q1-Q3 2013 vs Q1-Q3 2012
* Profit before tax from core activities amounted to DKK 8.3 billion (EUR 1,110.2 million). Profit after tax was DKK 5.2 billion (EUR 696.2 million), an increase of 45%.
* Total income amounted to DKK 29 billion (EUR 3,899.8 million), down 15%, mainly because of lower trading income caused by difficult market conditions and lower insurance business income.
* Expenses fell 3% and amounted to DKK 17.5 billion (EUR 2,341.5 million).
* Impairments from core activities fell 47% to DKK 3.3 billion (EUR 448.1 million). All three banking units booked lower impairments than in the first nine months of 2012.
* Impairments at Non-core activities fell from DKK 3.7 billion (EUR 489.6 million) to DKK 1.0 billion (EUR 131.1 million).
* The core tier 1 capital and total capital ratios were 14.2% and 19.1%, against 14.5% and 21.3% at the end of 2012.

Q3 2013 vs Q2 2013
* In the third quarter of 2013, Danske Bank posted a profit before tax from core activities of DKK 2.6 billion (EUR 345.7 million). The net profit was DKK 1.5 billion (EUR 206 million). This result does not live up to our ambitions.
* Total income amounted to DKK 9.1 billion (EUR 1,217.8 million), down 8% from the second-quarter level. Net interest income rose 2%, whereas net trading income was affected by the erratic market conditions for most of the period.
* Expenses fell 8% and amounted to DKK 5.5 billion (EUR 743.5 million).
* Impairments in our core markets were largely unchanged at DKK 1.0 billion (EUR 128.6 million), reflecting an improving macroeconomic environment in our core markets.