Financial Performance - Danske Bank reported a net profit of DKK 5.8 billion for Q1 2025, a 2% increase from DKK 5.6 billion in Q1 2024, driven by strong customer activity and credit quality [3][9] - The return on shareholders' equity rose to 13.3% in Q1 2025, up from 12.9% in Q1 2024, while the cost/income ratio improved slightly from 45.4% to 45.2% [2][9] - Total income for Q1 2025 was DKK 13.9 billion, compared to DKK 14.0 billion in Q1 2024, with operating expenses remaining stable at DKK 6.3 billion [9] Business Segments - The Personal Customers segment saw a profit before tax decrease of 18% to DKK 2.25 billion, primarily due to higher loan impairment charges and the divestment of the personal customer business in Norway [13] - The Business Customers segment experienced a profit before tax increase of 64% to DKK 2.83 billion, supported by loan impairment reversals and increased net fee income [14] - The Large Corporates & Institutions segment reported a profit before tax of DKK 2.4 billion, a 12% decrease from the previous year, attributed to higher loan impairment charges [15] Market Conditions - The Nordic economies demonstrated resilience amid global uncertainty, with promising growth and inflation outlooks, and robust employment [10] - Despite challenges such as US tariffs and potential recession risks, the foundation for decent economic outlook remains, supported by lower interest rates and increasing real incomes [12] Strategic Initiatives - Danske Bank continues to invest in technology and customer offerings as part of its Forward '28 strategy, aiming to enhance its position as a strong financial partner [2][6] - The bank published its Climate Action Plan Progress Report 2024, reaffirming its commitment to sustainability [6] Outlook - The company maintains its guidance for 2025, expecting net profit to be in the range of DKK 21-23 billion, subject to economic conditions [19]