The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst
: So, this is Sofie from JPMorgan. So, my first question would be just on the interest rate hedging. I think you've mentioned that -- or you mentioned
that you initially have this DKK 700 million positive impact from 25 basis points. But could you just kind of remind us how it then works for the next
kind of 3-year impact and how you have made these hedges and kind of what instruments, what maturities and what rates these hedges are
invested in?
And then my second question would be just on the transaction accounts, we see that you now pay up to 50 basis points in Sweden for a salary
account. In Denmark, one of your competitors pays up to 1.5% on salary accounts. How should we kind of, think about Danske starting to pay up
on transaction accounts in Denmark? And kind of any thoughts here? And then just a very quick clarification. So, the DKK 800 million OCI impact,
that's going to be booked in the second half of 2023, and that's included in kind of, the net income guidance for the full year? And are there any
offsets in terms of tax or anything else that we should be aware of for this? That will be all for me.
Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst
: Yes, correct. Like, when you consider paying up for salary accounts in Denmark.
Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst
: And what about -- can you comment on historic pricing, like in the past, did you pay on transaction accounts in Denmark when you had similar
rates? And if so at what levels, please?
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JULY 21, 2023 / 6:30AM, DANSKE.CO - Q2 2023 Danske Bank A/S Earnings Call
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