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Danske Bank A/S (DANSKE.CO)

DANSKE.CO on Copenhagen Stock Exchange

251.60DKK
10:59am EDT
Change (% chg)

kr.-0.40 (-0.16%)
Prev Close
kr.252.00
Open
kr.251.30
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kr.252.50
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kr.250.20
Volume
1,169,093
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1,846,165
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kr.259.30
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kr.161.80

Latest Key Developments (Source: Significant Developments)

OFFICIAL-BRIEF-Danske Bank CFO: double-digit personal banking lending growth in Sweden, Norway to continue
Friday, 28 Apr 2017 04:51am EDT 

Corrects fourth bullet to Danske Bank CFO expects good credit quality not net loan loss reversal to continue. Bank rectifies CFO's initial statement.:"With the double-digit (lending) growth rates we have seen in personal banking in Sweden and Norway it would be natural to assume that they can continue for the rest of the year," Aarup-Andersen says.Says there was very high capital market activity in the Nordic region in Q1, especially driven by Danish and Swedish mortgage markets.Says will focus on partnerships rather than acquisitions within fintech.Says expects trend of good credit quality to continue.Q1 loan impairment charges remained low, with net reversals of DKK 0.2 billion (EUR 31.6 million), Danske Bank said earlier on Friday.  Full Article

Danske Bank CFO: double-digit personal banking lending growth in Sweden, Norway to continue
Friday, 28 Apr 2017 04:03am EDT 

April 28 (Reuters) - Danske Bank's Chief Financial Officer Jacob Aarup-Andersen made the following comments to Reuters after the bank, Denmark's largest, reported Q1 profit above forecasts on Friday.:"With the double-digit (lending) growth rates we have seen in personal banking in Sweden and Norway it would be natural to assume that they can continue for the rest of the year," Aarup-Andersen says.Says there was very high capital market activity in the Nordic region in Q1, especially driven by Danish and Swedish mortgage markets.Says will focus on partnerships rather than acquisitions within fintech.Says expects trend of net loan loss reversal to continue.Q1 loan impairment charges remained low, with net reversals of DKK 0.2 billion (EUR 31.6 million), Danske Bank said earlier on Friday.  Full Article

Danske Bank Q1 pretax profit beats forecast, maintains 2017 outlook
Friday, 28 Apr 2017 01:30am EDT 

April 28 (Reuters) - Danske Bank A/S ::Q1 net profit 5.5 billion DKK versus 4.46 billion seen in Reuters poll (4.9 BLN DKK in Q1 2016).Q1 net interest income 5.7 billion DKK versus 5.68 billion seen in Reuters poll (5.26 bln DKK in Q1 2016).Q1 net trading income 2.7 billion DKK versus 1.88 billion seen in Reuters poll (1.60 bln DKK in Q1 2016).Q1 pretax profit 7.14 billion DKK versus 5.98 billion seen in Reuters poll (6.27 bln DKK in Q1 2016).Says return on shareholders' equity of 14.4 percent.Repeats expect net profit for 2017 to be in range of DKK 17-19 billion (EUR 2,285.6-2,554.5 million).Says we maintain our longer-term ambition for a return on shareholders' equity of at least 12.5 percent.Says loan impairment charges remained low, with net reversals of DKK 0.2 billion (EUR 31.6 million) in Q1 of 2017.CEO Thomas Borgen says the Nordic economies are generally doing better, and this benefited our performance.Borgen says loan impairments in 2017 are expected to remain low, although higher than in 2016."Driven especially by our activities in Norway and Sweden, aggregate lending grew 1% in the first quarter of 2017 and was 4% higher than lending for the year-earlier period".  Full Article

Danske Bank seeks to rearrange Finnish organisation
Thursday, 23 Mar 2017 04:30am EDT 

Danske Bank : Says is currently looking into the possibilities of merging its activities in Finland - Danske Bank Plc and Danske Bank A/S, Helsinki branch - into a single Finnish branch . As a part of this process, the Board of Directors of Danske Bank Plc has approved a demerger plan aiming for a partial demerger pursuant to the Finnish Companies Act . This implies that all assets, liabilities and reserves of Danske Bank Plc's mortgage credit banking business will be transferred to an acquiring company wholly owned by Danske Bank A/S to be incorporated in conjunction with the demerger . The reason for separating the mortgage credit banking business of Danske Bank Plc by way of a partial demerger is that the Finnish legislation requires a Finnish limited liability company as a holder of the mortgage credit banking license . Says planned de-merger has no effects on Danske Bank Plc's customers .Danske bank says demerger is subject to approval by general meeting and the acquiring company obtaining necessary licenses to operate as a finnish credit institution and mortgage credit bank.  Full Article

Danske Bank appoints new chief risk officer
Tuesday, 21 Feb 2017 02:29am EST 

Danske Bank : Says has appointed Carsten Egeriis, 40, new chief risk officer .Says he will head Group Risk Management and will join the bank's executive board on September 1 at the latest.  Full Article

Danske Bank Q4 pretax profit higher than expected, proposes share buy-back
Thursday, 2 Feb 2017 01:30am EST 

Danske Bank : Q4 pretax profit 7,039 million Danish crowns ($1.02 billion)versus 6,024 million seen in Reuters poll . Q4 net trading income 2,323 million versus 1,972 million seen in Reuters poll . Q4 net interest income 5,790 million DKK versus 5,578 million seen in Reuters poll . Q4 loan impairment charges -160 million DKK versus -166 million seen in Reuters poll . Says net profit for 2017 to be in range of DKK 17-19 billion (EUR 2,287-2,556 million). . Says expects net profit for 2017 to be in range of DKK 17-19 billion (EUR 2,287-2,556 million). . Says maintains longer-term ambition for a return on shareholders' equity of at least 12.5 percent . Proposes dividend of 9.0 ​DKK per share for 2016 vs 9.32 DKK seen in Reuters poll .Says has decided to initiate a share buy-back programme of DKK 10 billion (EUR 1,345 million) in 2017.  Full Article

Danske Bank issues bonds for 3 bln DKK
Thursday, 17 Nov 2016 02:59am EST 

Denmark's Danske Bank : Says following discussions with institutional investors on planned bond issue in form of additional tier 1 capital, it has decided to issue bonds for 3 billion Danish crowns ($431.8 million) . Says the bonds will be issued on November 23 with a variable interest rate of 3 month CIBOR plus 4.75 percent per annum . Says the first interest payment date will be February 23 2017 .Says the bonds will be perpetual, but it has the option to prepay the bonds at par on the interest payment date in November 2021 or later.  Full Article

Danske Bank plans a bond issue in the Danish market
Monday, 14 Nov 2016 02:59am EST 

Denmark's Danske Bank : Says is planning a bond issue in the Danish market . Says will initiate discussions with investors with a view to issuing additional tier 1 capital in the form of a bond loan denominated in Danish crowns .Says the bonds are expected to be perpetual with an option for Danske Bank to prepay the bonds at par 5-7 years after the issue.  Full Article

Link Mobility Group: Extended loan agreement with Danske Bank
Thursday, 22 Sep 2016 01:00am EDT 

Link Mobility Group ASA : Has entered into extended loan agreement with Danske Bank regarding funding of announced acquisitions . Acquisitions include Linus AS in Norway, Globalmouth Marketing AB in Sweden, Labyrintti Group in Finland and Whatever Mobile Group in Germany . After closing of acquisition of Responsfabrikken in Denmark, 64 million Norwegian crowns ($7.77 million) of credit line in Danske Bank of 85 million crowns remained unused; Danske Bank has now increased this funding facility with 62 million crowns, providing total funding of 126 million crowns .Acquisitions are to be financed through LINK-model; a combination of cash on closing, shares in Link Mobility Group ASA and seller's credit.  Full Article

Danske Bank CEO sees Danish c.bank to keep rates unchanged in 2016
Thursday, 21 Jul 2016 09:31am EDT 

Chief Executive Thomas Borgen, Danske Bank A/S on conference call: Says expects Danish central bank to keep deposit interest rates unchanged at -0.65 percent in 2016 . Says sees lower limit for Danish central bank key rate at -0.75 percentFurther company coverage: [DANSKE.CO] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 55;)).  Full Article

More From Around the Web

CORRECTED-OFFICIAL-BRIEF-Danske Bank CFO: double-digit personal banking lending growth in Sweden, Norway to continue

April 28 Danske Bank's Chief Financial Officer Jacob Aarup-Andersen made the following comments to Reuters after the bank, Denmark's largest, reported Q1 profit above forecasts on Friday.