Danske Bank Group announces 2015 results

Danske Bank Group has announced its results for 2015.

The bank’s net profit for the year was 13.1bn Danish Krone (DKK), or €1.7585bn.

The result was affected by goodwill impairments of DKK 4.6bn (€616.5m).

Net profit before goodwill impairments rose 36% to DKK 17.7bn (€2.3751bn), against DKK 13.0bn (€1.7391bn) in 2014.

“In 2015, Danske Bank continued to progress and delivered strong results despite a challenging environment,” said Thomas F. Borgen, chief executive officer.

“The results are testament to the strength of our diversified business model as a Nordic universal bank and reflect our firm focus on executing our strategy of becoming a more customer-centric, simple and efficient bank.

“We continued to strengthen relations with our customers and launched a number of initiatives aimed at making daily banking and important financial decisions easier for our customers.

“We have a sound platform and a strong position in the marketplace as well as a clear strategic direction for the next part of our journey towards realising the full potential of Danske Bank.”

Commenting on the announcement later, Terry Browne, country manager and head of Corporate & Institutional Banking at Danske Bank Ireland, said: “As our financial year ends, I’m delighted to disclose that our C&I division in Danske Bank Ireland continues to demonstrate strong growth.

“Our existing and recently acquired clients continue to benefit from our financial advisory expertise and high quality technology based products.

“We work hard to develop customised solutions and services for each of our clients, both domestic and international.

“We enjoy a portfolio of some of the leading corporate and institutions based in Ireland, and I look forward to another great year providing our clients with the support they need for the growth of their business both in Ireland and abroad.”