Danske Bank grows up in Sweden | Realtid.se

The operating income of Danske Bank in Sweden during the first half of 2018 increased to SEK 5,179 million, compared to SEK 5,034 million in the first half of last year. Net sales rose 10% to SEK 3,524 million, compared to SEK 3,217 million in the same period last year.

The increase in interest income is mainly related to good commercial activity with increasing volumes, which in turn has contributed to the positive outcome . Loan volume increased by 13% over the same period last year and the volume of deposits increased by 5%.

– We have stable growth and we are doing well in the first half. With the influx of new customers and increasing volumes in the private and corporate markets, we continue to move our positions in Sweden. However, we are seeing increased uncertainty in our world, especially in the form of intensified trade conflict and political concerns affecting the markets. In difficult times, it is particularly important that we, financial advisers, be there for our clients so that they can gain confidence in their decisions, "says Berit Behring, CEO of Danske Bank Sweden, in a commentary on the report. interim

. Rising costs are a consequence of the bank's growth strategy and continued investment in digital transformation. The cancellation of credit reserves during the period led to positive net losses on loans.

For the first six months of the year, the Bank earned operating profit of 3,475 million Swedish crowns, an increase of 6% over the same period. last year. Profit after tax for the first half of the year amounted to 2,676 million Swedish kronor, compared with 2,544 million Swedish kronor. "Although the bank's customers have been affected by the uncertainty of our world, the activity in all sectors of activity has been high over the period. The agreement of The Bank's cooperation with TCO and Saco has been deepened and now includes an attractive offering for those Sacos members who manage companies, and during the quarter a pilot test was also launched for TCO's business partners. " bank in the report.

"Danske Bank also continues to grow and strengthen its position in the corporate market.In the second quarter, business activity has increased significantly and the bank has acted as advisor when Landshypotek Bank has issued a green bond guarantee of 5.25 billion crowns, which is also the largest in Sweden to date. "The investment will of SME customers of the bank, many of whom are active in the sector of Export, remained high, which contributed to volume growth. The number of customers in this segment also increased during the quarter. Demand for mortgage loans remained strong, which the bank managed with caution. Among large companies and institutions, market volatility has made clients more in need of advice and risk management, which has enabled the bank to obtain qualified advice and practical solutions.

The bank is also increasing its market share. "The offer of Danske Bank to the private market has continued to attract customers, particularly in terms of mortgage lending.In May, the bank's market share in the mortgage market was nearly 10 %, more than double the total market share, "writes the bank. Increased scanning also increases customer demand for seamless digital services. As a result, Danske Bank, as the leading bank in Sweden, has offered existing and potential customers the opportunity to book digital board meetings directly via the web, saving customers time and benefiting customers. ;environment. The service was well received and more than half of the booked meetings were booked by new customers. In total, 45% of the Bank's board meetings were held by electronic meetings. "