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Danske Bank A/S (DANSKE.CO)

DANSKE.CO on Copenhagen Stock Exchange

249.10DKK
10:59am EST
Change (% chg)

kr.0.30 (+0.12%)
Prev Close
kr.248.80
Open
kr.249.40
Day's High
kr.249.90
Day's Low
kr.248.40
Volume
888,721
Avg. Vol
1,814,560
52-wk High
kr.259.50
52-wk Low
kr.223.00

Latest Key Developments (Source: Significant Developments)

Danske Bank CEO Says Is Negative, Sceptic Towards Cryptocurrencies
Friday, 2 Feb 2018 03:50am EST 

Feb 2 (Reuters) - DANSKE BANK CHIEF EXECUTIVE OFFICER THOMAS BORGEN SAYS::DOES NOT EXPECT A STRONG CORRECTION IN THE DANISH HOUSING MARKET AS SEEN IN STOCKHOLM AND OSLO.IS NEGATIVE, SCEPTIC TOWARDS CRYPTOCURRENCIES, ADVISES PEOPLE TO "STAY AWAY"; BELIEVES IN BLOCKCHAIN TECHNOLOGY.NOT CERTAIN SUGGESTED COUNTERCYCLICAL BUFFER IS CORRECT TOOL AGAINST BANKS' PERCEIVED CREDIT RISK.  Full Article

Danske Bank Q4 Pretax Profit Beats Forecast
Friday, 2 Feb 2018 01:30am EST 

Feb 2 (Reuters) - Danske Bank ::2017 NET PROFIT ‍20.9​ BILLION DKK VERSUS 20.29 BILLION SEEN IN REUTERS POLL.SAYS ‍ON BASIS OF OUR STRONG CAPITAL POSITION, BOARD OF DIRECTORS IS PROPOSING A DIVIDEND FOR 2017 OF DKK 10 PER SHARE, OR 45% OF NET PROFIT​.SAYS ‍DANSKE BANK'S DIVIDEND POLICY HAS BEEN REVISED, AND GOING FORWARD, PAY-OUT RATIO WILL BE 40-60% OF NET PROFITS RATHER THAN 40-50%​.2017 NET INTEREST INCOME ‍23.4​ BILLION DKK VERSUS 23.34 BILLION SEEN IN REUTERS POLL.SAYS ‍IN ADDITION, BOARD OF DIRECTORS HAS DECIDED TO INITIATE A NEW SHARE BUY-BACK PROGRAMME OF DKK 10 BILLION IN 2018​.SAYS ‍WE EXPECT NET PROFIT FOR 2018 TO BE IN RANGE OF DKK 18-20 BILLION​.SAYS ‍WE HAVE MET OUR LONGER-TERM AMBITION FOR A RETURN ON SHAREHOLDERS' EQUITY OF AT LEAST 12.5%​.SAYS ‍OUR NEW LONGER-TERM AMBITION IS TO RANK IN TOP THREE AMONG MAJOR NORDIC PEERS IN TERMS OF RETURN ON SHAREHOLDERS' EQUITY​.2017 LOAN IMPAIRMENT CHARGES NET REVERSAL ‍873​ MILLION DKK VERSUS 586 MILLION SEEN IN REUTERS POLL.SAYS ‍THIS RELATIVE TARGET ACCOMMODATES CHANGING ENVIRONMENT AND WILL BE VALID THROUGHOUT ECONOMIC CYCLE​.SAYS ‍IN 2023, DANSKE BANK'S DOMICILE WILL RELOCATE FROM HOLMENS KANAL IN COPENHAGEN TO NEW OFFICES CONSTRUCTED FOR DANSKE BANK NEXT TO COPENHAGEN CENTRAL STATION​.CEO SAYS ‍WE EXPERIENCED A POSITIVE DEVELOPMENT ACROSS OUR BUSINESS UNITS, WHICH IN MANY AREAS LED TO GOOD INCREASES IN NUMBER OF CUSTOMERS AND LENDING​.  Full Article

Danske Bank Fined For Violating Danish Anti-Money Laundering Rules
Thursday, 21 Dec 2017 04:56am EST 

Dec 21 (Reuters) - DANSKE BANK SAYS::HAS BEEN CHARGED BY DANISH PUBLIC PROSECUTOR FOR SERIOUS ECONOMIC AND INTERNATIONAL CRIME (SØIK) WITH HAVING VIOLATED STIPULATIONS OF DANISH ANTI-MONEY LAUNDERING​.ACCEPTS FINE OF DKK 12.5 MILLION.‍THE CHARGE AND THE FINE ARE THE RESULT OF THE INSPECTION MADE BY THE DANISH FSA AT DANSKE BANK IN 2015..THE INSPECTION STATEMENT ISSUED IN MARCH 2016 INCLUDED REPORTING DANSKE BANK TO THE POLICE.."WE HAVE A SPECIAL RESPONSIBILITY WITH REGARD TO THE COMBATING OF MONEY LAUNDERING, AND REGRETTABLY, WE HAVE NOT LIVED UP TO THAT RESPONSIBILITY IN TERMS OF THE MONITORING OF TRANSACTIONS TO AND FROM CORRESPONDENT BANKS," SAYS CEO THOMAS F. BORGEN.  Full Article

Danske Bank acquires SEB Pension in Denmark
Thursday, 14 Dec 2017 02:31am EST 

Dec 14 (Reuters) - Danske Bank ::DANICA PENSION, WHICH IS PART OF THE DANSKE BANK GROUP, HAS ENTERED INTO AN AGREEMENT WITH SEB ON THE ACQUISITION OF SEB PENSIONSFORSIKRING A/S AND SEB ADMINISTRATION A/S.ACQUISITION IS SUBJECT TO APPROVAL BY RELEVANT AUTHORITIES, AND FINAL APPROVAL IS EXPECTED IN FIRST HALF OF 2018.SEB SAYS IN SEPERATE ANNOUNCEMENT THAT DEAL​ IS WORTH 6.5 BLN DKK nASM000H3Y.  Full Article

BRIEF-SEB sells SEB Pension in Denmark to Danica in 6.5 bln DKK deal
Thursday, 14 Dec 2017 02:30am EST 

Adds Danske Bank instrument code:REG-SEB DIVESTS SEB PENSION IN DENMARK.SAYS ‍TOTAL PROCEED OF DKK 6.5BN, CONSISTING OF A CASH CONSIDERATION OF DKK 5.0BN AND A PRE-CLOSING DIVIDEND OF DKK 1.5BN​.SAYS ‍PRE-CLOSING DIVIDEND WILL BE IN ADDITION TO DIVIDEND OF DKK 1.1BN WHICH SEB RECEIVED IN FIRST SIX MONTHS OF 2017​.SAYS ‍AGREEMENT TO SELL ALL SHARES IN SEB PENSIONSFORSIKRING A/S AND SEB ADMINISTRATION A/S (SEB PENSION) TO DANICA PENSION LIVSFORSIKRINGSAKTIESELSKAB (Danica, a subsidiary to Danske Bank)​.  Full Article

Danske Bank lifts 2017 net profit outlook
Thursday, 2 Nov 2017 02:34am EDT 

Nov 2 (Reuters) - DANSKE BANK :9-MONTH NET PROFIT ‍15.3​ BILLION DKK VERSUS 14.85 BILLION SEEN IN REUTERS POLL.SAYS ‍AS A RESULT OF DEVELOPMENTS IN FIRST NINE MONTHS, WE ARE REVISING OUR OUTLOOK TO A NET PROFIT FOR YEAR IN RANGE OF DKK 19-21 BILLION​ VS PREVIOUSLY EXPECTED NET PROFIT FOR 2017 TO BE IN RANGE OF DKK 18-20 BILLION​.9-MONTH NET INTEREST INCOME ‍17.4​ BILLION DKK VERSUS 17.28 BILLION SEEN IN REUTERS POLL.SAYS ‍WE MAINTAIN OUR LONGER-TERM AMBITION FOR A RETURN ON SHAREHOLDERS' EQUITY OF AT LEAST 12.5%​.9-MONTH NET TRADING INCOME ‍6.3​ BILLION DKK VERSUS 6.16 BILLION SEEN IN REUTERS POLL.CEO SAYS ‍FIRST THREE QUARTERS OF YEAR WERE CHARACTERISED BY POSITIVE MACROECONOMIC DEVELOPMENTS, HIGH CUSTOMER ACTIVITY AND INCREASING BUSINESS VOLUMES​.9-MONTH LOAN IMPAIRMENT CHARGES -‍632​ MILLION DKK VERSUS -584 BILLION SEEN IN REUTERS POLL.CEO SAYS ‍OUR PARTNERSHIP AGREEMENTS IN NORWAY AND SWEDEN CONTINUED TO ATTRACT NEW CUSTOMERS, AND OUR LENDING AND INVESTMENT ACTIVITY WAS GENERALLY HIGH ACROSS OUR MARKETS​.CEO SAYS ‍IMPAIRMENTS REMAINED LOW, MAINLY DUE TO LOW INTEREST RATES AND SOLID CREDIT QUALITY​.Q3 PRETAX PROFIT 6.24‍​ BILLION DKK VERSUS 5.93 BILLION SEEN IN REUTERS POLL.  Full Article

Danske Bank sells portfolio of Irish mortgage loans to Goldman Sachs fund
Wednesday, 25 Oct 2017 07:57am EDT 

Oct 25 (Reuters) - DANSKE BANK'S IRISH UNIT SAYS :CONFIRMS IT HAS ENTERED INTO A BINDING CONTRACT FOR THE SALE OF A PORTFOLIO OF PERFORMING IRISH MORTGAGE LOANS TO PROTEUS FUNDING DAC, AN ENTITY FINANCED BY GOLDMAN SACHS <<>>.THE SALE PRICE IS UNDISCLOSED.CUSTOMER AGREEMENTS ARE UNAFFECTED BY THE TRANSFER.THE CENTRAL BANK OF IRELAND HAS BEEN ADVISED OF THE TRANSACTION.  Full Article

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

CORRECTED-UPDATE 1-Danske Bank beats Q4 pretax expectations, expects lower 2018 net result

COPENHAGEN, Feb 2 Danske Bank on Friday beat fourth-quarter pretax profit expectations, warned of a lower net result in 2018 but said it planned to increase its dividend payouts.