Financial targetsFinancial targets

In late 2012, Danske Bank announced its "New Standards" strategy. As a part of the strategy, the Group also set financial targets for 2015.

The table below shows the Group's targets for return on equity, rating, capital, liquidity, expenses and dividends.

Financial targets
  End-2013 Target Comments
Return on equity 5% 9% in 2015
Above 12% long-term
In progress
Ratings S&P/Moody's/
Fitch
A-/Baa1/A
Stable/Positiv/Stable 
Improve ratings by at least one notch in 2015 ​In progress. Positive outlook from Moody's in December
Core tier 1 ratio 14.7% Minimum 13% by the end of 2013 ​Met at end-2012
Total capital ratio 21.4% Minimum 17% by the end of 2013 ​Met at end-2012
Nominal costs DKK 24.3 bn Below DKK 23 bn in 2015 On track
C/I ratio 60.9% Under 50% in 2015 ​On track
Dividend payment 28% of net profit (proposed) About 40% of annual net profit, although lower until we have reached the capital and ratings targets ​On track


Last updated on 6 February 2014
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