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Danske Bank A/S (DANSKE.CO)

DANSKE.CO on Copenhagen Stock Exchange

251.00DKK
20 Oct 2017
Change (% chg)

kr.2.50 (+1.01%)
Prev Close
kr.248.50
Open
kr.249.00
Day's High
kr.251.30
Day's Low
kr.248.50
Volume
1,485,019
Avg. Vol
1,573,120
52-wk High
kr.259.50
52-wk Low
kr.195.20

Latest Key Developments (Source: Significant Developments)

Danske Bank placed under AML investigation in France​
Wednesday, 11 Oct 2017 01:10pm EDT 

Oct 11 (Reuters) - Danske Bank :‍Danske Bank placed under AML investigation in France​.Danske - ‍investigation related to suspicions of money laundering concerning transactions carried out by customers of danske bank estonia from 2008 to 2011​.  Full Article

Danske Bank raises guidance
Thursday, 20 Jul 2017 01:30am EDT 

July 20 (Reuters) - Danske Bank :H1 NET PROFIT 10.3 BILLION DKK VERSUS 9.745 BILLION SEEN IN REUTERS POLL.H1 NET INTEREST INCOME 11.4 BILLION DKK VERSUS 11.474 BILLION SEEN IN REUTERS POLL.H1 NET TRADING INCOME 4.5 BILLION DKK VERSUS 4.514 BILLION SEEN IN REUTERS POLL.OUTLOOK REVISED UPWARDS.REVISING OUTLOOK TO A NET PROFIT FOR YEAR IN RANGE OF DKK 18-20 BILLION.PREVIOUSLY EXPECTED NET PROFIT FOR 2017 TO BE IN RANGE OF DKK 17-19 BILLION.MAINTAINS LONGER-TERM AMBITION FOR A RETURN ON SHAREHOLDERS' EQUITY OF AT LEAST 12.5%.SAYS STRONG CREDIT QUALITY AND FAVOURABLE MACROECONOMIC DEVELOPMENTS ALLOWED THE BANK TO REVERSE LOAN IMPAIRMENTS OF DKK 545 MILLION IN H1.Q2 PRETAX PROFIT 6.18 BILLION DKK VERSUS 5.83 BILLION SEEN IN REUTERS POLL.  Full Article

Danske Bank sells Irish wealth management business to Davy Group
Monday, 10 Jul 2017 05:18am EDT 

July 10 (Reuters) - DAVY GROUP :SAYS ACQUIRES IRISH WEALTH MANAGEMENT BUSINESS FROM DANSKE BANK <<>>.SAYS DEAL INVOLVES THE TRANSFER OF THE MANAGEMENT OF MORE THAN 1,100 DANSKE BANK CUSTOMER INVESTMENT PORTFOLIOS, WHICH ARE CURRENTLY MANAGED BY THE BANK'S BELFAST-BASED INVESTMENT CENTER.SAYS THE MANAGEMENT OF THESE INVESTMENT PORTFOLIOS IS SCHEDULED TO MOVE BY THE END OF OCTOBER 2017.SAYS THERE WILL BE NO ASSOCIATED REDUNDANCIES, WITH TWELVE DANSKE BANK EMPLOYEES IN NORTHERN IRELAND EXPECTED TO JOIN THE DAVY GROUP AS PART OF THE DEAL..DANSKE BANK SAYS ASSETS UNDER MANAGEMENT AROUND 570 MILLION EUROS ($649 MILLION).  Full Article

Sampo finalizes valuation of Mandatum Life portfolio
Monday, 19 Jun 2017 09:45am EDT 

June 19 (Reuters) - Sampo Oyj :Says valuation of Mandatum life's portfolio to be sold to Danske Bank <<>> finalized.Say value of the insurance portfolio as at the December 31, 2016, is 334 million euros ($373.31 million).Says Mandatum Life and Danske Bank have agreed that the theoretical result from the beginning of 2017 until the date of the transfer, as determined in the valuation process, will be deducted from the final sales price.Says theoretical result for 2017 is determined to be 18.1 million euros and for 2018 18.6 million euros.Says transaction is expected to have a negative impact of 20-25 million euros on Mandatum Life's annual profit before taxes.Says transfer of the portfolio is expected to take place during 2018.  Full Article

Danske bank issues structured notes linked to Euro Stoxx banks
Monday, 12 Jun 2017 03:29am EDT 

June 12 (Reuters) - DANSKE BANK :SAYS ISSUES STRUCTURED NOTES LINKED TO EURO STOXX BANKS ON 13 JUNE 2017.WILL ISSUE EUR 3,355,000 IN INDEX-LINKED NOTES LINKED TO PERFORMANCE OF INDEX VALUE OF EURO STOXX BANKS.THE NOTES ARE DESIGNATED "DB EUROPEAN BANKS AUTOCALLABLE II 2020".THE NOTES PAY INTEREST AT 2.25 PCT SEMIANNUALLY, SUBJECT TO THE PERFORMANCE OF THE UNDERLYING INDEX.THE NOTES WILL MATURE IN 2020 .  Full Article

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

BRIEF-Danske Bank placed under AML investigation in France​

* Danske - ‍investigation related to suspicions of money laundering concerning transactions carried out by customers of danske bank estonia from 2008 to 2011​ Source text for Eikon: Further company coverage: