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Danske Bank A/S (DANSKE.CO)

DANSKE.CO on Copenhagen Stock Exchange

126.00DKK
10:49am GMT
Change (% chg)

kr.1.60 (+1.29%)
Prev Close
kr.124.40
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kr.127.25
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kr.124.60
Volume
762,510
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2,402,992
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kr.251.90
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kr.119.75

Latest Key Developments (Source: Significant Developments)

Danske Bank CEO Says Customer Outflow Does Not Impact Results Materially For Now
Friday, 1 Feb 2019 

Feb 1 (Reuters) - DANSKE BANK A/S INTERIM CEO JESPER NIELSEN SAYS AT INVESTOR CALL::THE UNDERCURRENT FROM THE ESTONIA CASE IN TERMS OF CUSTOMER OUTFLOW CAN AT THIS POINT IN TIME BE ISOLATED TO THE 11,000 CORE RETAIL CLIENTS THE BANK HAS LOST IN DENMARK.THIS CUSTOMER OUTFLOW DOES NOT HAVE A SIZE THAT MATERIALLY IMPACT THE RESULTS OF THE DANISH FRANCHISE.  Full Article

Danske Bank CEO Looks At U.S. Investor Lawsuits With "Peace Of Mind"
Friday, 1 Feb 2019 

Feb 1 (Reuters) - DANSKE BANK A/S INTERIM CEO JESPER NIELSEN SAYS IN INTERVIEW::CEO SAYS HE EXPECTS THE BANK TO SPEND MORE THAN 200 MILLION DANISH CROWNS ON LEGAL COUNCELING IN 2019 IN RELATION TO MONEY LAUNDERING CASE.CEO SAYS HE LOOKS AT RECENT U.S. INVESTOR LAWSUITS WITH "PEACE OF MIND" BECAUSE THE BANK HAS HANDLED MARKET COMMUNICATION CORRECTLY.CEO SAYS COOPERATING WITH U.S. AUTHORITIES OVER MONEY LAUNDEIRNG INVESTIGATION; COMMUNICATION STILL IN EARLY STAGES.CEO SAYS THE BANK WILL LOOK AT RESTARTING SHARE BUYBACKS ONCE IT IS SAFELY THROUGH THE ESTONIA MONEY LAUNDERING CASE.  Full Article

Danske Bank CEO Expects Funding Costs To Rise In 2019; Needs To Set Extra Money Aside
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Danske Bank A/S ::CEO SAYS UNDERLYING BUSINESS HEALTHY DESPITE MONEY LAUNDERING HEADWINDS, GROWTH IN ALL MARKETS IN 2018.CEO SAYS GOOD GROWTH IN CORPORATE BUSINESS ACROSS ALL MARKETS.CEO SAYS GOOD DEVELOPMENT IN DANISH BUSINESS IN 2018 WITH GROWING BUSINESS VOLUME.CEO SAYS FUNDING COSTS EXPECTED TO RISE IN 2019.CEO SAYS BANK IS WELL-CAPITALISED AND IS ABOVE BOTH REGULATORY REQUIREMENTS AND OWN TARGETS.CEO SAYS BANK IS COMMITTED TO FINALIZE OUR INTERNAL INVESTIGATION INTO ESTONIA MONEY LAUNDERING CASE.CEO SAYS WE HAVE REDUCED RISKS IN OUR BALTIC BUSINESS SIGNIFICANTLY IN 2018 AND WE WILL CONTINUE TO DO SO IN 2019.CEO SAYS ON THE BACK OF THE ESTONIA CASE OUR CUSTOMERS, STAKEHOLDERS DESERVE THAT WE TAKE THE LEAD IMPROVING AML EFFORTS.CEO SAYS BANK HAS ENTERED 5-YEAR CONTRACT WITH NETS TO SECURE CONTINUED EXISTENCE OF DANISH DEBIT CARD DANKORT.CEO SAYS HE IS NOT VERY CONCERNED ABOUT REAL ESTATE MARKET IN DENMARK.INTERIM CEO JESPER NIELSEN SAYS HE HAS NOT DISCUSSED THE OPTION OF BECOMING PERMANENT CEO NEITHER WITH HIS WIFE NOR WITH THE BOARD.CEO SAYS IT IS THE MANAGEMENT'S RESPONSIBILITY TO SET "THE TONE FROM THE TOP", WE ARE WORKING TO CREATE AN ATMOSPHERE WHERE IT IS OK TO SAY IF THERE IS SOMETHING WRONG.CEO SAYS THAT HALTING SHARE BUYBACK IS NOT A SIGNAL FROM US ABOUT THE SIZE OF POTENTIAL FINES.CEO SAYS THAT BY HALTING SHARE BUYBACK WE'RE TRYING TO SEND SIGNAL TO STAKEHOLDER THAT FINES, SANCTIONS CAN HURT OUR LONG-TERM BUSINESS; WE NEED TO SET MONEY ASIDE.  Full Article

Danske Bank Q4 Net Interest Income In Line With Expectations
Friday, 1 Feb 2019 

Feb 1 (Reuters) - DANSKE BANK A/S ::2018 NET PROFIT 15.0 BILLION DKK VERSUS 15.03 BILLION DKK SEEN IN REUTERS POLL.BOARD OF DIRECTORS IS PROPOSING A DIVIDEND OF DKK 8.5 PER SHARE FOR 2018.2018 NET INTEREST INCOME 23.6 BILLION DKK VERSUS 23.55 BILLION SEEN IN REUTERS POLL.DANSKE BANK'S DIVIDEND POLICY IS UNCHANGED, AND IT IS STILL OUR AMBITION TO PAY OUT 40% TO 60% OF NET PROFIT FOR YEAR.2018 NET TRADING INCOME 4.7 BILLION DKK VERSUS 4.49 BILLION SEEN IN REUTERS POLL.EXPECT NET PROFIT FOR 2019 TO BE IN RANGE OF DKK 14-16 BILLION.OUTLOOK EXCLUDES ANY POTENTIAL GAIN ON PROSPECTIVE SALE OF DANICA PENSION SWEDEN.2018 NET LOAN IMPAIRMENT REVERSALS 650 MILLION DKK VERSUS 492 MILLION DKK SEEN IN REUTERS POLL.WE MAINTAIN OUR LONG-TERM AMBITION TO RANK IN TOP THREE AMONG OUR NORDIC PEERS IN TERMS OF RETURN ON SHAREHOLDERS' EQUITY.INTERIM CEO SAYS 2018 WAS A CHALLENGING YEAR FOR DANSKE BANK.INTERIM CEO SAYS SERIOUS AND DEMANDING ISSUE CONCERNING CLOSED-DOWN PORTFOLIO OF NON-RESIDENT CUSTOMERS IN ESTONIA TRIGGERED JUSTIFIED CRITICISM FROM OUR STAKEHOLDERS AND LED TO A NUMBER OF CHANGES AT MANAGEMENT LEVEL.INTERIM CEO SAYS WE MUST USE LESSONS LEARNED FROM THIS CASE TO PREVENT SOMETHING SIMILAR FROM EVER HAPPENING AGAIN.INTERIM CEO SAYS THAT IS WHY IN COMING YEARS WE WILL FURTHER STRENGTHEN OUR EFFORTS WITHIN COMPLIANCE AND ANTI-MONEY LAUNDERING ACTIVITIES TO BECOME BEST IN CLASS AMONG OUR PEERS.  Full Article

Swedbank CEO stands by assurances over money laundering
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Swedbank AB CEO Birgitte Bonnesen in news agency conference call::SWEDBANK CEO SAYS CONTINUES TO SEE NO LINKS TO DANSKE BANK MONEY LAUNDERING SCANDAL.SWEDBANK CEO SAYS WE CONTINUE TO FIGHT MONEY LAUNDERING ATTEMPTS ON A DAILY BASIS.SWEDBANK CEO SAYS WE MAY CONTINUE TO SEE PRESSURE ON NEW BUILD RESIDENTIAL PROJECTS IN SWEDEN.  Full Article

Danske Bank Says Been Notified It May Be Placed Under Formal Investigation In France
Friday, 11 Jan 2019 

Jan 11 (Reuters) - Danske Bank A/S ::UPDATE ON INVESTIGATION INTO POSSIBLE VIOLATION OF FRENCH ANTI-MONEY LAUNDERING LEGISLATION.IS STILL A PARTY TO INVESTIGATION IN FRANCE, AND WE HAVE AN ONGOING DIALOGUE WITH AUTHORITIES.IN JANUARY 2019, DANSKE BANK RECEIVED A LETTER FROM AN INVESTIGATING JUDGE OF FRENCH TRIBUNAL DE GRANDE INSTANCE DE PARIS COURT SUMMONING DANSKE BANK TO AN INTERVIEW TO DISCUSS MATTERS RELATING TO ONGOING INVESTIGATION INTO ORGANISED MONEY LAUNDERING OF TAX EVASION PROCEEDS.LETTER STATING THAT JUDGE ENVISAGES PLACING DANSKE BANK UNDER FORMAL INVESTIGATION.SAYS MAY AGAIN BECOME SUBJECT TO FORMAL INVESTIGATION INSTEAD OF BEING AN ASSISTED WITNESS.LETTER ALSO INDICATED THAT SCOPE HAD BEEN EXPANDED TO INCLUDE TRANSACTIONS IN AMOUNT OF APPROXIMATELY EUR 28 MILLION IN TOTAL BETWEEN 2007 AND 2014.  Full Article

Danske Bank Says Outlook For 2018 Revised Downwards To Net Profit Of About DKK 15 Bln
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Danske Bank A/S ::REG-DANSKE BANK A/S REVISES OUTLOOK DOWNWARDS – EXPECTS 2018 NET PROFIT OF AROUND DKK 15 BILLION.OUTLOOK FOR 2018 IS REVISED DOWNWARDS TO A NET PROFIT OF AROUND DKK 15 BILLION.NON-CORE UNIT IS ADVERSELY AFFECTED BY A DKK 0.2 BILLION VALUE ADJUSTMENT.OUTLOOK FOR ALL OTHER FINANCIAL STATEMENT ITEMS, INCLUDING NET INTEREST INCOME, IS UNCHANGED.REVISION IS MADE IN VIEW OF CHALLENGING CONDITIONS ON FINANCIAL MARKETS IN Q4 OF 2018.SAYS IN DENMARK, THE DEVELOPMENTS IN THE CORE ACTIVITIES ARE STABLE.UNDERLYING BUSINESS PERFORMANCE STILL GOOD; DEPOSITS REMAIN AT STABLE LEVEL,; SEEING GROWTH IN LENDING, ESPECIALLY IN NORWAY AND SWEDEN.  Full Article

Estonian State Prosecutor Says More Arrests Likely In Danske Money Laundering Case
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - COMMENTS MADE DURING PRESS CONFERENCE IN TALLINN ON WEDNESDAY WITH PROSECUTOR GENERAL LAVLY PERLING, STATE PROSECUTOR MAREK VAHING AND HEAD OF CRIMINAL POLICE AIVAR ALAVERE IN RELATION TO ARRESTS MADE IN DANSKE BANK MONEY LAUNDEIRNG CASE::ESTONIAN PROSECUTOR SAYS STARTED INVESTIGATIONS INTO DANSKE BANK MONEY LAUNDERING CASE IN NOVEMBER 2017.ESTONIAN PROSECUTOR SAYS 10 PEOPLE DETAINED ARE ALL ON SUSPICION OF MONEY LAUNDERING IN DANSKE BANK ESTONIA BRANCH.ESTONIAN PROSECUTOR SAYS DETAINED PEOPLE WERE CLIENT MANAGERS WHOSE JOB HAS BEEN TO AVOID MONEY LAUNDERING IN DANSKE BANK.ESTONIAN PROSECUTOR SAYS CRIMES RELATED TO DANSKE MONEY LAUNDEIRNG CASE HAVE HAPPENED IN GEORGIA, AZERBAIJAN TOTALING ROUGHLY $300 MILLION.ESTONIAN PROSECUTOR SAYS WE HAVE ARRESTED ASSETS WORTH ROUGHLY A 1 MILLION EUROS.ESTONIAN PROSECUTOR SAYS 10 PEOPLE DETAINED, THE NUMBER OF ARRESTS LIKELY TO INCREASE.ESTONIAN PROSECUTOR SAYS ONE PERSON IS ALSO SUSPECTED IN TAKING A BRIBE AND ONE IN ASSISTING IN TAKING A BRIBE.ESTONIAN STATE PROSECUTOR SAYS DETAINED PEOPLE ARE BOTH INTERNATIONAL AND PRIVATE BANKING WORKERS.ESTONIAN HEAD OF CRIMINAL POLICESAYS DANISH COLLEAGUES HAVE SO FAR OUTLINED 25 BILLION EUROS WORTH OF SUSPICIOUS DEALINGS IN DANSKE BANK MONEY LAUNDERING CASE.ESTONIAN STATE PROSECUTOR SAYS WE HAVE BEEN IN CONTACT WITH OUR U.S. COLLEAGUES.ESTONIA'S HEAD OF CRIMINAL POLICE SAYS ALL 10 ARE ESTONIAN CITIZENS.  Full Article

Danske Bank Can't Confirm That People Arrested In Estonia Are Former Employees Already Reported To Police
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Danske Bank A/S ::DANSKE BANK SAYS CANNOT CONFIRM THAT PEOPLE ARRESTED IN ESTONIA ARE THE EIGHT FORMER EMPLOYEES WHICH DANSKE HAVE ALREADY REPORTED TO THE ESTONIAN POLICE.  Full Article

Danske Bank Says Blackrock Notified Co That At Nov 30, 2018 ,Blackrock Holds 5.27 pct Of Shares And Voting Rights Of Co
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Danske Bank ::REG-DANSKE BANK A/S – MAJOR SHAREHOLDER ANNOUNCEMENT FROM BLACKROCK, INC..BLACKROCK INC NOTIFIED CO THAT AT 30 NOV 2018 BLACKROCK HOLDS INDIRECTLY VIA SHARES 4.92% OF SHARES AND VOTING RIGHTS OF CO.BLACKROCK NOTIFIED CO THAT AT NOV 30, 2018 , IN TOTAL, BLACKROCK HOLDS 5.27% OF SHARES AND VOTING RIGHTS OF CO.  Full Article

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German watchdog widens Deutsche monitor mandate over Danske

FRANKFURT German financial watchdog Bafin has extended the mandate of its monitor at Deutsche Bank over the bank's role in a money laundering scandal involving Danske Bank.