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Danske Bank A/S

DANSKE.CO

Latest Trade

94.36DKK

Change

-0.32(-0.34%)

Volume

3,189,725

Today's Range

93.20

 - 

95.34

52 Week Range

85.90

 - 

143.85

As of on the Copenhagen Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

BRIEF-Danske Bank Raises Outlook For 2019 Net Profit

Corrects typo in headline:REG-DANSKE BANK A/S REVISES 2019 NET PROFIT OUTLOOK UPWARDS. NOW EXPECTS A NET PROFIT OF AROUND DKK 15 BILLION.EXPECT EXTRAORDINARY ITEMS TO HAVE AN IMPACT OF AROUND DKK 1.1 BILLION..WE NOW EXPECT A NET PROFIT OF AROUND DKK 15 BILLION.PROVISION FOR RECAPTURE OF TAX LOSSES UNDER IJT WILL BE RELEASED, CAUSING A POSITIVE EFFECT OF AROUND DKK 5.2 BILLION..DEFERRED TAX PROVISION: WILL HAVE A NEGATIVE IMPACT OF AROUND DKK 1.1 BILLION..IMPAIRMENT CHARGE ON GOODWILL AND OTHER INTANGIBLE ASSETS OF AROUND DKK 2.0 BILLION..WE REAFFIRM OUR EXPECTATION OF A RETURN ON SHAREHOLDERS' EQUITY IN RANGE OF 5-6% FOR 2020.EXPECT EXTRAORDINARY IMPAIRMENTS OF AROUND DKK 0.4 BILLION BEFORE TAX..WE EXPECT TO SEE AN INCREASE IN EXPENSES OF DKK 1.0 BILLION BEFORE TAX FROM OPERATIONAL RISK-RELATED LOSSES, TRANSFORMATION COSTS AND PORTFOLIO ADJUSTMENTS.EXPECT TO MAKE NEGATIVE VALUE ADJUSTMENTS IN NON-CORE OF AROUND DKK 0.1 BILLION BEFORE TAX..PREVIOUSLY, WE EXPECTED A NET PROFIT FOR 2019 IN MIDDLE OF DKK 13-15 BILLION RANGE.

Danske Bank Revises 2019 Net Profit Outlook Due to Finalisation Of Sale Of LR Realkredit A/S

Dec 2 (Reuters) - Danske Bank A/S <DANSKE.CO>::REG-DANSKE BANK A/S REVISES NET PROFIT OUTLOOK FOR 2019 DUE TO EXPECTED FINALISATION OF SALE OF LR REALKREDIT A/S. DANSKE BANK NOW EXPECTS A NET PROFIT IN THE MIDDLE OF THE DKK 13-15 BILLION RANGE..NOW EXPECTS A NET PROFIT IN MIDDLE OF DKK 13-15 BILLION RANGE.REVISES NET PROFIT OUTLOOK FOR 2019 DUE TO EXPECTED FINALISATION OF SALE OF LR REALKREDIT A/S.DANSKE BANK WILL BOOK A ONE-OFF GAIN OF APPROXIMATELY DKK 0.7-0.8 BILLION.SALE OF LR REALKREDIT A/S TO NYKREDIT REALKREDIT A/ WAS APPROVED BY DANISH COMPETITION AND CONSUMER AUTHORITY.

Danske Bank Appoints Frans Woelders As New Group COO

Nov 28 (Reuters) - Danske Bank A/S <DANSKE.CO>::REG-DANSKE BANK APPOINTS NEW GROUP COO.APPOINTED FRANS WOELDERS AS GROUP COO AND MEMBER OF EXECUTIVE LEADERSHIP TEAM.IN MEANTIME, CEO CHRIS VOGELZANG WILL CONTINUE TO HEAD COO AREA..FRANS WOELDERS JOINS FROM POSITION OF CHIEF DIGITAL OFFICER FOR PERSONAL BANKING OF ROYAL BANK OF SCOTLAND..FRANS WOELDERS WILL TAKE UP POSITION AS GROUP COO ON 1 JUNE 2020 AT LATEST.FRANS WOELDERS HAS EXPERIENCE FROM POSITIONS WITH ABN AMRO BANK, INCLUDING AS CEO OF RETAIL BANKING AND AS GROUP CHIEF INFORMATION OFFICER..

Danske Bank Preliminarily Charged By SØIK In Flexinvest Fri Case

Nov 14 (Reuters) - Danske Bank A/S <DANSKE.CO>::SAYS DANSKE BANK PRELIMINARILY CHARGED BY SØIK IN FLEXINVEST FRI CASE.PRELIMINARY CHARGE FOLLOWS A CRIMINAL COMPLAINT THAT WAS FILED BY DANISH FINANCIAL SUPERVISORY AUTHORITY (FSA) IN CONNECTION WITH THEIR DECISION OF 30 AUGUST 2019 IN FLEXINVEST FRI CASE.COOPERATES FULLY WITH AUTHORITIES AND HAS NO FURTHER COMMENTS AS LONG AS INVESTIGATION IS ONGOING.

Danske Bank Discloses 5.28849% Stake In Eco Animal Health As Of Nov 11

Nov 13 (Reuters) - :DANSKE BANK A/S DISCLOSES 5.28849% STAKE IN ECO ANIMAL HEALTH AS OF NOV 11 - FILING.

Danske Bank CEO Says Return On Equity Target Of 9% Is Absolute Minimum

Nov 1 (Reuters) - Danske Bank A/S <DANSKE.CO>::CEO SAYS WE DO NOT INTEND TO INTRODUCE NEGATIVE INTEREST RATES TO THE ORDINARY ACCOUNT HOLDERS IE THE VAST MAJORITY OF CURRENT ACCOUNT HOLDERS.CEO SAYS TARGET OF RETURN ON EQUITY OF 9% IS ABSOLUTE MINIMUM EVEN IF INCOME DOES NOT GROW AS MUCH AS EXPECTED."I CAN MAKE THIS EXTREMELY CLEAR IF INCOME DOES NOT GROW AS WE ARE EXPECTING THEN WE WILL STILL HIT THE 9%" - CHRIS VOGELZANG.

Danske Bank CFO Says Customer Outlow Has No Significant Impact On Financial Results

Nov 1 (Reuters) - DANSKE BANK A/S <DANSKE.CO> JACOB AARUP-ANDERSEN SAYS IN INTERVIEW::Q3 CUSTOMER OUTFLOWS WERE IN LINE WITH PREVIOUS QUARTERS.SEES NO SIGNIFICANT IMPACT ON FINANCIAL RESULTS FROM CUSTOMERS LEAVING.WILL CONTINUE HIRING FREEZE.THERE WILL BE FEWER EMPLOYEES IN DANSKE BY 2023,.

Danske Bank Q3 Net Profit Slightly Above Estimates At DKK 3.01 Billion

Nov 1 (Reuters) - Danske Bank A/S <DANSKE.CO>::REG-NET PROFIT OF DKK 10.0 BILLION EARNED DURING A PERIOD OF CONTINUING CHALLENGES. RETURN ON EQUITY OF 8.5%. NEW AMBITIONS TO BE REALISED BY 2023. OUTLOOK FOR 2019 NET PROFIT NARROWED TO LOWER END OF RANGE..FIRST NINE MONTHS OF 2019 WERE CHARACTERISED BY CHALLENGING INTEREST RATE LEVELS AND MARGINS AS WELL AS HIGHER IMPAIRMENT LEVELS AND AN INCREASE IN COSTS, RELATED ESPECIALLY TO COMPLIANCE.Q3 NET INTEREST INCOME DKK 5,445 MILLION VERSUS DKK 5.38 BILLION SEEN IN REFINITIV POLL.WE SAW A GOOD UNDERLYING BUSINESS WITH HIGH CUSTOMER ACTIVITY AND LENDING GROWTH, BUT OVERALL, OUR PERFORMANCE IS UNDER PRESSURE.Q3 NET FEE INCOME DKK 4,111 MILLION VERSUS DKK 3.90 BILLION SEEN IN REFINITIV POLL.WE TODAY PRESENT A NEW SET OF AMBITIONS FOR 2023 AND KEY ELEMENTS OF PLAN THAT WILL ENABLE US TO REALISE THEM.Q3 TOTAL INCOME DKK 10,495 MILLION VERSUS DKK 10.42 BILLION SEEN IN REFINITIV POLL.Q3 NET PROFIT DKK 3,011 MILLION VERSUS DKK 2.95 BILLION SEEN IN REFINITIV POLL.Q3 OPERATING EXPENSES DKK 6,382 MILLION VERSUS DKK 7,367 MILLION YEAR AGO.Q3 LOAN IMPAIRMENT DKK 343 MILLION VERSUS DKK 100 MILLION YEAR AGO.WE MUST ACHIEVE A RETURN ON SHAREHOLDERS' EQUITY OF 9-10% AND A COST/INCOME RATIO IN LOW 50S BY CONTINUOUSLY IMPROVING PROFITABILITY LEVEL - LEVERAGING OUR FULL POTENTIAL.UNCHANGED DIVIDEND POLICY OF 40-60%.

Danske Bank Has Exited Its Banking Activities In Estonia

Oct 1 (Reuters) - Danske Bank A/S <DANSKE.CO>::DANSKE BANK SAYS ITS ESTONIA BRANCH HAS TODAY ENTERED INTO LIQUIDATION.DANSKE BANK SAYS THIS REFLECTS THE FACT THAT DANSKE BANK HAS ESSENTIALLY EXITED ITS BANKING ACTIVITIES IN ESTONIA, WITH MAINLY TECHNICAL MATTERS OUTSTANDING.DANSKE BANK SAYS HAS NOW ESSENTIALLY CLOSED ALL BANKING ACTIVITIES IN ESTONIA IN ACCORDANCE WITH THE PLAN AGREED WITH THE ESTONIAN FSA.DANSKE BANK SAYS THE CORPORATE LOAN PORTFOLIO WILL AS OF TODAY BE TRANSFERRED TO DANSKE BANK LITHUANIA BRANCH FOR WIND-DOW.DANSKE BANK SAYS THE SALE OF THE RETAIL LOAN PORTFOLIO TO A LOCAL BANK IS NOW UNCONDITIONAL, AND THE TRANSFER OF THE LOAN PORTFOLIO WILL BE FINALISED BEFORE END-NOVEMBER 2019.

Danske Bank: Changes To Executive Board And Co's Organisation

Sept 5 (Reuters) - Danske Bank A/S <DANSKE.CO>::REG-CHANGES TO THE EXECUTIVE BOARD AND ORGANISATION OF DANSKE BANK A/S.EXECUTIVE BOARD MEMBER JACOB AARUP-ANDERSEN WILL GET A NEW AREA OF RESPONSIBILITY.APPOINTED TWO NEW EXECUTIVE BOARD MEMBERS, STEPHAN ENGELS AND BERIT BEHRING.EXECUTIVE BOARD MEMBERS JIM DITMORE, FREDERIK GJESSING VINTEN AND CHRISTIAN BALTZER WILL LEAVE THEIR POSITIONS.STEPHAN ENGELS BECOMES CFO.CHRISTIAN BALTZER LEAVES HIS POSITION.ENGELS IS EXPECTED TO TAKE UP POSITION IN APRIL 2020.CHRISTIAN BALTZER, WHO HAS BEEN CHIEF FINANCIAL OFFICER SINCE 2018, WILL LEAVE HIS POSITION WITH DANSKE BANK..UNTIL STEPHAN ENGELS TAKES UP HIS POSITION JACOB AARUP-ANDERSEN WILL ACT AS CFO.JIM DITMORE, WHO HAS BEEN HEAD OF GROUP SERVICES & GROUP IT (CHIEF OPERATING OFFICER) SINCE 2014, IS LEAVING HIS POSITION.UNTIL THAT PROCESS IS COMPLETED, CEO CHRIS VOGELZANG WILL HEAD COO AREA.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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