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Danske Bank A/S (DANSKE.CO)

DANSKE.CO on Copenhagen Stock Exchange

128.90DKK
17 Apr 2019
Change (% chg)

kr.0.25 (+0.19%)
Prev Close
kr.128.65
Open
kr.129.00
Day's High
kr.130.00
Day's Low
kr.128.40
Volume
2,016,885
Avg. Vol
2,227,215
52-wk High
kr.227.00
52-wk Low
kr.116.65

Latest Key Developments (Source: Significant Developments)

Swedbank seen no noticeable customer attrition due to money laundering scandal
Friday, 22 Mar 2019 

March 22 (Reuters) - SWEDBANK HEAD OF INVESTOR RELATIONS GREGORI KARAMOUZIS TO INVESTORS AND ANALYSTS::IF ANY NAMES ON THE 50 ALLEDGED CLIENT LIST FROM SVT REPORT WERE CUSTOMERS OF THE BANK, THEY ARE NO LONGER CUSTOMERS OF THE BANK AND THE LAST TRANSACTION HAS TAKEN PLACE MAY 2017.SEES NO NEED FOR ANY BROADER OR DEEPER INVESTIGATION SWEDBANK CARRIES OUT TO BE MADE PUBLIC.THERE IS NO CUSTOMER ATTRITION WE HAVE EXPERIENCED SO FAR SINCE THE FIRST MEDIA REPORT ALLEDGING CONNECTIONS TO MONEY LAUNDERING IN THE BALTICS.NEW INITIATIVES ON MONEY LAUNDERING CONTROL WILL BE DONE WITHIN EXISTING COST FRAME.INCURRED SOME ONE OF EXPENSES OVER PAST WEEKS BUT AT THIS TIME DON'T SEE ANY NEED FOR COST OUTLOOK REVISION.PHASE 2 OF INVESTIGATION BY EXTERNAL INVESTIGATOR WILL TAKE AS LONG AS NEEDED, NO TIMING FOR IT TO BE COMPLETED WITHIN.DEEPER FRA REVIEW WILL LOOK INTO AFFILIATES AND SUBSIDIARIES OF THE ALLEGED 50 SUSPICIOUS CUSTOMERS IDENTIFIED BY MEDIA REPORT.ONE INDIVIDUAL HAS RESIGNED IN THAT UNIT WHEN ASKED ABOUT MEDIA REPORT THAT HEAD OF GROUP AML COMPLIANCE IS NO LONGER WITH BANK.  Full Article

Danske Bank executives waive 2018 bonuses - chairman
Monday, 18 Mar 2019 

March 18 (Reuters) - Danske Bank A/S ::CHAIRMAN TELLS ANNUAL GENERAL MEETING (AGM) THAT THE BOARD OF DIRECTORS IS WORKING INTENSIVELY ON BEING ABLE TO HIRE A NEW CEO. WILL NOT SAY MORE ABOUT THAT TODAY.CHAIRMAN TELLS AGM THAT THE EXECUTIVE BOARD HAS DECIDED TO WAIVE BONUSES THAT COULD HAVE BEEN PAID FOR 2018.CHAIRMAN TELLS AGM GUARANTEES THAT THE BANK WILL DO WHAT IT CAN AND USE THE OPPORTUNITIES THERE ARE FOR CLAWING BACK BONUSES.  Full Article

Danske Bank Board Nominee Landsnes Says Has Experience In Working With The FSA
Tuesday, 12 Mar 2019 

March 12 (Reuters) - Danske Bank A/S ::DANSKE BANK BOARD NOMINEE BENTE AVNUNG LANDSNES SAYS SHE HAS EXPERIENCE IN WORKING TOGETHER WITH THE FSA.  Full Article

Danske Bank Says Christian Sagild, Gerrit Zalm Nominated As New Board Candidates
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Danske Bank A/S ::BOARD OF DIRECTORS NOMINATES CHRISTIAN SAGILD AND GERRIT ZALM AS NEW CANDIDATES FOR BOARD OF DIRECTORS.WILL HOLD ITS ANNUAL GENERAL MEETING ON MONDAY, 18 MARCH.HILDE TONNE HAS INFORMED BOARD THAT SHE WILL NOT SEEK RE-ELECTION.INGRID BONDE HAS INFORMED BOARD THAT SHE WILL NOT SEEK RE-ELECTION.BOARD OF DIRECTORS PROPOSES LARS-ERIK BRENØE, KARSTEN DYBVAD, JAN THORSGAARD NIELSEN, JENS DUE OLSEN AND CAROL SERGEANT FOR RE-ELECTION.  Full Article

Danske Bank Says Being Investigated By U.S. SEC In Money Laundering Case
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Danske Bank A/S ::IN DIALOGUE WITH US SECURITIES INDUSTRY REGULATOR.SAYS AS STATED IN PRESS RELEASE OF 4 OCTOBER 2018, DANSKE BANK IS CURRENTLY IN DIALOGUE WITH U.S. DEPARTMENT OF JUSTICE (DOJ), WHICH IS CONDUCTING A CRIMINAL INVESTIGATION IN RELATION TO CASE OF POSSIBLE MONEY LAUNDERING AT DANSKE BANK'S BRANCH IN ESTONIA.SAYS IN ADDITION TO DIALOGUE WITH DOJ DANSKE BANK HAS RECEIVED AN INQUIRY FROM U.S. SECURITIES AND EXCHANGE COMMISSION (SEC), WHICH IS ALSO CARRYING OUT AN INVESTIGATION.SAYS DANSKE BANK IS COOPERATING WITH ALL RELEVANT AUTHORITIES IN ORDER TO CLARIFY FULL DETAILS OF CASE.CEO SAYS WE HAVE NO INFORMATION ABOUT WHEN INVESTIGATIONS CONDUCTED BY DOJ AND SEC ARE EXPECTED TO BE COMPLETED, NOR DO WE KNOW WHAT OUTCOME OF THESE WILL BE. WE CONTINUE TO COOPERATE WITH AUTHORITIES IN ORDER TO ESTABLISH A COMPLETE PICTURE OF EVENTS OF CASE.  Full Article

Netcompany's ABO Bookrunner Says Danske Bank To Place Order In Transaction
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Netcompany's ABO Bookrunner::BLOCK TRADE: NETCOMPANY'S ABO BOOKRUNNER- DANSKE BANK TO PLACE ORDER IN TRANSACTION HAVING VALUE OF DKK 125 MILLION, EXPECTED TO BE FULLY ALLOCATED.  Full Article

Danske Bank Closes Down Its Banking Activities In The Baltics And Russia
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Danske Bank A/S ::REG-DANSKE BANK CLOSES DOWN ITS BANKING ACTIVITIES IN THE BALTICS AND IN RUSSIA.ESTONIAN FINANCIAL SUPERVISION AUTHORITY ( ESTONIAN FSA) HAS ORDERED DANSKE BANK TO CEASE BANKING OPERATIONS IN ESTONIA, WHICH DANSKE BANK HAS AGREED TO DO.WE ACKNOWLEDGE THAT SERIOUS CASE OF POSSIBLE MONEY LAUNDERING IN ESTONIA HAS HAD A NEGATIVE IMPACT ON ESTONIAN SOCIETY.CEO SAYS: WE ARE SORRY TO BE LEAVING ESTONIA AGAINST THIS BACKGROUND, BUT WE UNDERSTAND SEVERITY WITH WHICH ESTONIAN FSA LOOKS AT THIS CASE.DECISION WILL HAVE NO BEARING ON DANSKE BANK'S GUIDANCE FOR 2019.  Full Article

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

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EU states force clearing of Estonian, Danish regulators over Danske Bank

COPENHAGEN/BRUSSELS National banking supervisors who control the European Union banking watchdog effectively forced it to clear financial regulators in Estonia and Denmark, who were investigated in relation to suspected money laundering activities by Danske Bank, a member of the European parliament said on Wednesday.