Danske Bank Earnings: Low Loan Losses as Global Trade Risks Replace Commercial Real Estate Concerns

Danske reported first-quarter profits before tax of DKK 7.59 billion, up 1% versus the same period a year ago. Income generation was flat, with net interest income down marginally 1% to DKK 9.02 billion, but good performances in net fee income (up 8%) and net trading income (up 15%). Danske cited good customer activity in its fee products as well as favorable market conditions relative to the year-ago period as the drivers of the good non-interest-related income result.