Danske Bank UK has reported pre-tax profits of £160.4 million for the first nine months of 2024, an increase on last year’s figure of £152.2 million.
Total income increased to £283.2 million from £254.5 million, whilst the loan impairment figure from year to year almost halved. Both loans and deposits increased from 2023 to 2024 both by 5%.=
“In the first nine months of the year we backed the Northern Ireland business community by providing over £490 million in business lending approvals,” said Danske Bank CEO Vicky Davies.
“We have opened over 1,000 new small business accounts so far this year, and we are currently offering two years fee-free transaction banking to small businesses if they switch to Danske Bank and open a small business digital account. In addition to our easy-to-use digital banking platforms, small business customers are supported through a strong local presence on the ground in Northern Ireland through our branches, contact centres and business advisor teams. Small businesses can apply to become a customer digitally through our website.
“Inthefirstninemonthsoftheyearwealsoprovidedover£580millioninmortgage lending approvals across Northern Ireland, up over 30% year-on-year. Mortgage lending has remained resilient, supported by a sustained demandfor housing in the marketplace, decreasing interest rates and low unemployment levels.
“When it comes to everyday banking, I am pleased to share that we have opened over 13,000 new personal current accounts in the first nine months of 2024, an increase of around 60% year-on-year. You can apply for a Danske personal current account online in less than ten minutes.
“Personal loan lending volumes are also up over 15% year-on-year. Existing customers can apply for personal loans through our App and year-to-date around 90% of all personal loans have been applied for digitally.
“Looking ahead Danske Bank will continue to be a key enabler of economic growth across Northern Ireland, with a clear purpose centred around helping customers, colleagues and society to thrive.”