Company Overview of Danske Bank Oyj
Danske Bank Oyj provides various banking products and services to private, corporate, and institutional customers primarily in Finland. The company offers demand deposits, savings accounts, current accounts, money market deposits, and other time deposits. It also provides traditional banking products, such as housing loans, as well as specializes in savings and investments; and provides solutions for financing investments and sales, as well as for working capital needs. In addition, the company offers asset management and private banking services to private persons, organizations, and companies; and payment transaction, trade financing, cash management, and investment advice services. Furthe...
Key Executives for Danske Bank Oyj
Chief Executive Officer and Chief Financial Officer
Deputy Chief Executive Officer
Vice President of Corporate Banking
Compensation as of Fiscal Year 2014.
Danske Bank Oyj Key Developments
Danske Bank Group Announces Earnings Results for the First Quarter of 2015; Reaffirms Earnings Guidance for 2015
Apr 30 15
Danske Bank Group announced earnings results for the first quarter of 2015. For the quarter, the company reported net profit of DKK 5.0 billion (EUR 662.8 million). Profit before tax from core activities of DKK 6.3 billion (EUR 839.7 million). Net profit totaled DKK 5.0 billion (EUR 662.8 million), and the increase of 76% from the first quarter of 2014 was driven mainly by higher net trading income owing to high customer activity. The return on shareholders' equity after tax was 13.2% p.a., against 7.7% p.a. for the first quarter of 2014. Total income amounted to DKK 12.2 billion (EUR 1,634.7 million) and was up 18%. Net interest income totaled DKK 5.3 billion (EUR 711.3 million), and was up 3% from the year earlier level. Net interest income was positively affected by larger business volumes and the repayment of the hybrid capital raised from the Danish state and adversely affected by the ECB's quantitative easing programme and interest rate cuts by the Danish central bank.
The company reaffirmed earnings guidance for 2015. The company expects net profit of above DKK 14 billion (EUR 1,874.2 million). The company expects to maintain this outlook, even though the first quarter financial results exceeded expectations.
Danske Bank Plc Group Reports Earnings Results for the Fourth Quarter and Full Year 2014
Feb 3 15
Danske Bank Plc Group reported earnings results for the fourth quarter and full year 2014. For the quarter, the company reported total operating income of EUR 301 million compared to EUR 316 million a year ago. Profit before taxes were EUR 110 million compared to EUR 99 million a year ago.
For the year, the company reported profit after tax was EUR 169.3 million, an improvement of 17% on the previous year. The main factors contributing to the increase in profit were the improvements in the bank's cost structure and the increased fee income from payment fees and new corporate lending. The bank aims to continue improving its profitability. The cost to income ratio improved on the previous year by 6.5% points to 61.8%. Total operating income was EUR 603 million compared to EUR 622 million a year ago. Profit before taxes were EUR 214 million compared to EUR 200 million a year ago.
Danske Bank Oyj Presents at 6th Annual Baltic Energy Summit, Nov-26-2014
Nov 24 14
Danske Bank Oyj Presents at 6th Annual Baltic Energy Summit, Nov-26-2014 . Venue: Crowne Plaza Hotel, Helsinki, Finland. Speakers: Ville Poukka, Director.
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