We expect net interest income to be higher than in 2016, as we will benefit from volume growth and lower funding costs.
Net fee income is expected to be somewhat higher than in 2016, subject to customer activity.
Net trading income and Other income are expected to be less impacted by positive special items compared to 2016.
Expenses are expected to decline somewhat from the level in 2016.
Loan impairments are expected to remain low, although higher than in 2016.
We expect net profit to be in the range of DKK 17-19 billion.
The outlook is subject to uncertainty and macroeconomic developments.
We maintain our longer-term ambition for a return on shareholders’ equity of at least 12.5%.