Q4 2020 Danske Bank A/S Pre-Close Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst : Here is Sofie from JPMorgan. I just wanted to have a clarification. So you mentioned that you potentially are going to have an IT write-down with the fourth quarter results. But could you just clarify? That's going to be included in the DKK 28 billion cost guidance that you have given for 2020.

Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst : Okay. Okay. That's clear. And then my second question would be around the dividend. I know you -- as you mentioned also in this call, you have accrued 60%. But Denmark is following the EBA or ECB guidelines on dividends. How should we kind of think about 2020 dividend, whether you got to initially pay out the 15% in the first 9 months? And then kind of in the fourth quarter, anything above that? Or how should we think about the dividend?

Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst : Okay. And in terms of the discussions, for example, the ECB said that most of the discussions, you have to inform the JST before the 15th of January about any plans to pay a dividend. And how do you think about it? With the Danish FSA, is there also a deadline when you got to have to inform them on your intention to pay a dividend?