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Danske Bank A/S (DANSKE.CO)

DANSKE.CO on Copenhagen Stock Exchange

242.20DKK
10:59am EST
Change (% chg)

kr.-1.60 (-0.66%)
Prev Close
kr.243.80
Open
kr.244.20
Day's High
kr.244.20
Day's Low
kr.241.70
Volume
1,685,209
Avg. Vol
1,668,188
52-wk High
kr.259.50
52-wk Low
kr.212.20

Latest Key Developments (Source: Significant Developments)

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

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

BRIEF-Sunstone And Ecco ‍Retain Carnegie Investment And Danske Bank To Explore Sale Of 4.5 Mln-5 Mln Boozt Shares​

* BOOZT AB-‍CARNEGIE INVESTMENT AND DANSKE BANK HAVE BEEN RETAINED BY SUNSTONE AND ECCO TO EXPLORE OPPORTUNITY TO SELL 4.5 MILLION - 5 MILLION SHARES IN BOOZT​ Source text for Eikon: Further company coverage: