Danske Bank have published their financial results for the first six months of 2025, reporting a profit before tax of £118 million.
Lending to customers has increased 7 per cent year-on-year, while customer deposits have also risen, growing by 9 per cent.
The announcement comes as costs increase year-on-year due to continued investment to improve customer experience and inflationary pressures.
Vicky Davies, CEO of Danske Bank UK, said she was "pleased" with the operating profit of £119.6m for the first six months of 2025, with the Bank continuing to grow both in Northern Ireland and across the rest of the UK. The results come as the bank continues to strengthen its youth proposition
She comments to Sync NI: “In Personal Banking we are working hard to ensure we are an attractive bank for youth customers as well as adult customers. In the first six months of the year we welcomed over 7,000 new personal current account customers to Danske Bank, and it is great to see that around 40 per cent of them are under 18 years old. In terms of our youth proposition I’m also pleased to share that, against industry trends, in quarter two we increased interest rates right across our junior savings range, benefiting young savers."
READ MORE: Danske Bank Forecasts Economic Growth of 1.0% for Northern Ireland in 2025
Mortgage lending approvals in Northern Ireland have increased by around 12 per cent year-on-year. Ms Davies said: "We expect a healthy level of mortgage lending to continue locally throughout 2025 - supported by our competitive product offering, a reducing interest rate environment, sustained levels of demand for housing and continued low unemployment rates. We are also growing our mortgage business in Great Britain, where, through broker networks, we have approved around £150m in mortgage lending in the first six months of the year.
“During the first half of the year we supported the Northern Ireland business community with over £550 million in business lending approvals. We welcomed around 900 new small business customers over this period, with many attracted by the two years’ fee-free banking that we are offering new-to-bank small businesses who open a Danske Bank small business digital account.
“We are seeing increased demand from larger business customers for sustainability-linked lending, and in quarter two we announced our biggest ever loan of this type. The £75m facility with Radius Housing sees the cost of debt linked to the customer's sustainability ambitions, including alignment with their objectives to reduce greenhouse gas emissions and improve energy performance across theirproperty estate. We are proud to support Radius Housing as they seek to build up to 500 new homes and refurbish and retrofit around 1,000 others from their existing stock."
The Bank has reinforced its commitmentto the North West with the announcement that we will be establishing a new office at Ebrington Plaza in Derry. Around 40 employees will relocate from Shipquay Place in the city to the Grade A modern office space, which will become home to Danske Bank's regional Customer Protection Centre team and serve as a base when required for local mortgage advisers, small business advisers and agribusiness managers.
Sync NI's Summer 2025 magazine celebrates women in tech across Ireland as we continue to encourage more women to enter the thriving sector and address the current gender imbalance. Read the Summer 2025 Sync NI Magazine online for free here.
