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Danske Bank A/S (DANSKE.CO)

DANSKE.CO on Copenhagen Stock Exchange

139.60DKK
3:59pm BST
Change (% chg)

kr.-1.70 (-1.20%)
Prev Close
kr.141.30
Open
kr.141.00
Day's High
kr.141.95
Day's Low
kr.138.85
Volume
2,205,377
Avg. Vol
3,271,432
52-wk High
kr.252.40
52-wk Low
kr.138.85

Latest Key Developments (Source: Significant Developments)

Danske Bank CFO Says U.S. Involvement In Money Laundering Case Very Different From Case Of Latvia's ABLV
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Danske Bank A/S ::DANSKE BANK INTERIM CFO SAYS INVOLVEMENT OF U.S. AUTHORITIES IN MONEY LAUNDERING CASE IS VERY DIFFERENT FROM CASE OF LATVIA'S ABLV, NOT COMPARABLE.DANSKE BANK INTERIM CFO SAYS ESTONIAN NON-RESIDENT PORTFOLIO HAS BEEN SHUT DOWN AND BANK IS COOPERATING WITH AUTHORITIES.DANSKE BANK INTERIM CFO REACTS TO BILL BROWDER'S REQUEST TO U.S. AUTHORITIES TO USE THE PATRIOT ACT TO STOP BANKS CLEARING DOLLARS FOR DANSKE.DANSKE BANK INTERIM CFO SAYS SEES NO SIGNS THE BANK WILL NOT BE ABLE TO HANDLE TRANSACTIONS IN COOPERATION WITH ITS SOLID NETWORK OF CORRESPONDENT BANKS.DANSKE BANK INTERIM CFO SAYS THE BANK IS IN A VERY EARLY PHASE OF COMMUNICATION WITH U.S. AUTHORITIES, TOO EARLY TO SPECULATE ON OUTCOME.  Full Article

Danish Business Authority Launches Investigation Of Danske Bank's External Audit
Friday, 5 Oct 2018 

Oct 5 (Reuters) - THE DANISH BUSINESS AUTHORITY SAYS: :DANISH BUSINESS AUTHORITY SAYS IT HAS LAUNCHED INVESTIGATION OF DANSKE BANK'S <<>> EXTERNAL AUDIT OF 2014 FINANCIAL REPORTS.THE SURVEY WILL INCLUDE PARTS OF THE EXTERNAL AUDIT OF THE BANK'S FINANCIAL STATEMENTS FOR 2014, AS WELL AS THE AUDITOR'S DUTIES IN RELATION TO SUSPICION OF MONEY LAUNDERING UP UNTIL 2015.  Full Article

Danske Bank Maintains Dividend Policy, Will Assess Over Time When To Begin New Share Buyback Programme -CFO
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Danske Bank A/S ::DANSKE BANK WOULD NOT HAVE NEEDED TO CEASE SHARE BUYBACK PROGRAMME BASED ON FSA ORDER BUT WANTED TO BE ON THE SAFE SIDE ON CAPITAL RATIOS -CFO.DANSKE BANK MAINTAINS DIVIDEND POLICY, WILL ASSESS OVER TIME WHEN TO BEGIN NEW SHARE BUYBACK PROGRAMME -CFO.  Full Article

Danske Bank In Dialogue With US Authorities Regarding Estonia Case
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - DANSKE BANK A/S ::IS IN DIALOGUE WITH THE US AUTHORITIES REGARDING THE ESTONIA CASE.IS IN DIALOGUE WITH AUTHORITIES REGARDING TERMINATED NON-RESIDENT PORTFOLIO AT BANK'S ESTONIAN BRANCH, WHICH WAS ACTIVE BETWEEN 2007 AND 2015.HAS ALSO NOW RECEIVED REQUESTS FOR INFORMATION FROM U.S. DEPARTMENT OF JUSTICE (DOJ) IN CONNECTION WITH A CRIMINAL INVESTIGATION RELATING TO BANK'S ESTONIAN BRANCH CONDUCTED BY DOJ..IS COOPERATING WITH THESE AUTHORITIES..TIMING OF COMPLETION OF INVESTIGATIONS BY, AND SUBSEQUENT DISCUSSIONS WITH, AUTHORITIES IS UNCERTAIN, AS IS OUTCOME..IT IS TOO EARLY TO SPECULATE ON ANY OUTCOME OF INVESTIGATIONS," SAYS INTERIM CEO OF DANSKE BANK, JESPER NIELSEN..  Full Article

Danske Bank Ordered To Reassess Its Solvency Need, Discontinues Share Buy-Back Programme For 2018
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - DANSKE BANK A/S ::DANSKE BANK ORDERED TO REASSESS ITS SOLVENCY NEED - SHARE BUY-BACK PROGRAMME FOR 2018 IS DISCONTINUED.CONSIDERING CURRENT DEVELOPMENTS, FSA FINDS, THAT BANK'S COMPLIANCE AND REPUTATIONAL RISKS ARE HIGHER THAN ASSUMED IN FSA'S DECISION OF 3 MAY 2018.AS A RESULT, FSA HAS ORDERED DANSKE BANK TO REASSESS BANK'S AND GROUP'S SOLVENCY NEED IN ORDER TO ENSURE ADEQUATE CAPITAL COVERAGE OF INCREASE IN COMPLIANCE AND REPUTATIONAL RISKS..FSA'S INITIAL ESTIMATE IS THAT BANK, AS AN ABSOLUTE MINIMUM, SHOULD INCREASE PILLAR II ADD-ON TO DKK 10 BILLION, OR 1.3% OF ITS TOTAL REA AT END OF Q2 OF 2018.THIS WOULD INCREASE GROUP'S SOLVENCY NEED FROM 11.2% TO 11.9% AT 30 JUNE 2018.AT SAME TIME, FSA ASSESSES THAT BANK MUST FUND THIS PILLAR II ADD-ON REQUIREMENT THROUGH COMMON EQUITY TIER 1 (CET1) CAPITAL..AS A CONSEQUENCE OF EXPECTED INCREASE IN DANSKE BANK'S SOLVENCY NEED OF DKK 10 BILLION, BOARD OF DIRECTORS HAS DECIDED TO REASSESS GROUP'S CAPITAL TARGETS AND TAKE FURTHER PRUDENCY MEASURES..HAS THUS SET A HIGHER TARGET FOR ITS CET1 CAPITAL RATIO TO BE AROUND 16% (PREVIOUSLY 14-15%) AND TARGET FOR ITS TOTAL CAPITAL RATIO TO BE ABOVE 20% (PREVIOUSLY ABOVE 19%).FULLY MEETS REVISED CAPITAL TARGETS ALREADY TODAY, AND BOARD OF DIRECTORS REASSESSES TARGETS ON AN ONGOING BASIS..BOARD OF DIRECTORS HAS DECIDED TO DISCONTINUE PRESENT SHARE BUY-BACK PROGRAMME AS OF TODAY.  Full Article

Danske Bank Appoints Jesper Nielsen As Interim CEO
Monday, 1 Oct 2018 

Oct 1 (Reuters) - DANSKE BANK A/S ::DANSKE BANK APPOINTS INTERIM CEO.EFFECTIVE TODAY, DANSKE BANK'S BOARD OF DIRECTORS HAS APPOINTED JESPER NIELSEN, MEMBER OF EXECUTIVE BOARD AND HEAD OF BANKING DK, AS INTERIM CEO UNTIL A PERMANENT CEO HAS BEEN APPOINTED TO REPLACE THOMAS F. BORGEN.JESPER NIELSEN WILL CONTINUE TO PERFORM HIS DUTIES AS HEAD OF BANKING DK AND IS NOT A CANDIDATE FOR PERMANENT CEO POSITION.  Full Article

S&P Says Danske Bank Outlook Revised To Negative, Hybrids Downgraded, On Further Disclosure On Money Laundering Issues In Estonia
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - :S&P SAYS DANSKE BANK OUTLOOK REVISED TO NEGATIVE, HYBRIDS DOWNGRADED, ON FURTHER DISCLOSURE ON MONEY LAUNDERING ISSUES IN ESTONIA.S&P SAYS ALSO LOWERING RATINGS ON DANSKE BANK'S INSURANCE SUBSIDIARY DANICA TO 'A-' FROM 'A'.S&P SAYS NEGATIVE OUTLOOK ON DANSKE BANK REFLECTS UNCERTAIN OUTCOME OF ONGOING REGULATORY INVESTIGATIONS INTO ESTONIAN BRANCH, AND ENSUING DAMAGE TO ITS REPUTATION.S&P SAYS COULD LOWER OUR ISSUER CREDIT RATINGS WITHIN NEXT 18-24 MONTHS IF DANSKE BANK'S FRANCHISE SUFFERS LASTING DAMAGE.S&P SAYS AFFIRMING ISSUER CREDIT RATINGS BECAUSE DANSKE BANK STILL HAS STRONG BALANCE SHEET, LEADING MARKET SHARE IN DENMARK, AND ROBUST CAPITAL GENERATION.S&P SAYS COULD LOWER ISSUER CREDIT RATINGS WITHIN THE NEXT 18-24 MONTHS IF WE BELIEVE POTENTIAL REGULATORY PENALTIES WOULD WEAKEN DANSKE BANK'S CAPITAL AND EARNINGS.S&P SAYS AFFIRMED OUR 'A/A-1' LONG- AND SHORT-TERM ISSUER CREDIT RATINGS ON DANSKE BANK.  Full Article

Danske Bank Will Publish Results Of Estonian Money Laundering Investigation On Sept 19
Monday, 10 Sep 2018 

Sept 10 (Reuters) - Danske Bank A/S ::DANSKE BANK SAYS IT WILL PUBLISH RESULTS OF INVESTIGATION INTO ESTONIAN MONEY LAUNDERING CASE ON SEPT 1."THE INVESTIGATIONS INTO THE PORTFOLIO OF NON-RESIDENT CUSTOMERS IN ESTONIA ARE BEING FINALISED, AND CONCLUSIONS ARE EXPECTED TO BE SHARED ON 19 SEPTEMBER".  Full Article

Schall Law Firm Says It Is Investigating Claims Against Danske Bank A/S
Thursday, 19 Jul 2018 

July 19 (Reuters) - :SCHALL LAW FIRM SAYS IT IS INVESTIGATING CLAIMS AGAINST DANSKE BANK A/S.  Full Article

Danske Bank lowers outlook to lower end of range on weak net trading income
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Danske Bank A/S ::H1 NET PROFIT 9.1 BILLION DKK VERSUS 9.55 BILLION DKK SEEN IN REUTERS POLL.SAYS WE EXPECT NET PROFIT FOR 2018 TO BE IN RANGE OF DKK 18-20 BILLION.SAYS BASED ON TRADING INCOME IN FIRST HALF OF 2018, WE CURRENTLY EXPECT NET PROFIT TO BE AT LOWER END OF RANGE.H1 NET INTEREST INCOME 11.8 BILLION DKK VERSUS 11.94 BILLION SEEN IN REUTERS POLL.SAYS WE MAINTAIN OUR AMBITION TO RANK IN TOP THREE AMONG OUR NORDIC PEERS IN TERMS OF RETURN ON SHAREHOLDERS' EQUITY.CEO SAYS IN FIRST HALF OF 2018, POSITIVE MOMENTUM IN OUR LENDING ACTIVITIES CONTINUED, WHILE DEVELOPMENTS IN FINANCIAL MARKETS HAD AN ADVERSE EFFECT AS GLOBAL UNCERTAINTY AND INVESTOR RETICENCE CONTRIBUTED IN PARTICULAR TO A WEAKER DEVELOPMENT IN NET TRADING INCOME.SAYS INVESTIGATIONS INTO ISSUES RELATED TO NOW CLOSED DOWN NON-RESIDENT PORTFOLIO AT OUR ESTONIAN BRANCH BETWEEN 2007 AND 2015 CONTINUE TO PROGRESS ACCORDING TO PLAN.Q2 PRETAX PROFIT 5,487 MILLION DKK VERSUS 6,016 MILLION DKK SEEN IN REUTERS POLL.SAYS WHILE IT IS STILL TOO EARLY TO CONCLUDE AS TO EXTENT OF SUSPICIOUS TRANSACTIONS, IT IS CLEAR THAT DANSKE BANK HAS FAILED TO LIVE UP TO OUR OWN STANDARDS AND.SAYS DETERMINED THAT DANSKE BANK SHOULD NOT BENEFIT FINANCIALLY FROM SUCH SUSPICIOUS TRANSACTIONS IN ESTONIAN NON-RESIDENT PORTFOLIO.  Full Article

RPT-BRIEF-Chr Hansen Chairman Ole Andersen Not To Seek Re-Election

* OLE ANDERSEN IS THE CURRENT CHAIRMAN OF DANSKE BANK Source text for Eikon: Further company coverage: (Gdynia Newsroom)