January 20, 2017 7:29 AM ET

Banks

Company Overview of Danske Bank Oyj

Company Overview

Danske Bank Oyj provides various banking products and services to private, business, and institutional customers in Northern Europe. The company operates through Personal Banking, Business Banking, Corporates and Institutions, Danske Capital, and Other Activities segments. It offers demand deposits, savings accounts, current accounts, money market deposits, and time deposits. The company also provides home, one time, consumer, and student loans, as well as credit cards; saving and investing solutions, including funds, stocks, bonds and structured bonds, exchange-traded funds, and insurance savings solutions; private banking services; payment services and cards; and e-banking, and mobile and ...

Hiililaiturinkuja 2

PO Box 1568

Helsinki,  00075

Finland

1,736 Employees

Phone:

358 1054 60000

Fax:

358 1054 62533

Key Executives for Danske Bank Oyj

Chief Executive Officer and Chief Financial Officer
Age: 58
Deputy Chief Executive Officer
Age: 53
Chief Risk Officer
Vice President of Corporate Banking
Compensation as of Fiscal Year 2016.

Danske Bank Oyj Key Developments

Danske Bank Announces Consolidated and Parent Company Earnings Results for the Nine Months Ended September 2016; Provides Earnings Guidance for 2016

Danske Bank announced consolidated and parent company earnings results for the nine months ended September 2016. For the period, the company reported consolidated net interest income of EUR 242.7 million against EUR 249.6 million a year ago. Profit before taxes was EUR 178.8 million compared to EUR 188.3 million for the same period a year ago. For the period, the company reported parent company net interest income of EUR 218 million against EUR 227.8 million a year ago. Profit before taxes was EUR 154.6 million compared to EUR 159.6 million for the same period a year ago. The company expects that net profit for 2016 will be around 2015 levels as loan impairment charges are expected to remain at a low level.

Danske Bank plc Announces Group Earnings Results for the First Quarter Ended March 2016; Reports Loan Impairment Charges for the Quarter; Provides Earnings Guidance for the Year 2016

Danske Bank Plc announced group earnings results for the first quarter ended March 2016. For the quarter, the company reported net interest income of EUR 71.4 million compared to EUR 73.7 million a year ago. Total income was EUR 137.4 million compared to EUR 150.1 million a year ago. Profit before loan impairment charges was EUR 54.0 million compared to EUR 60.9 million a year ago. Profit before tax was EUR 52.0 million compared to EUR 63.7 million a year ago. For the quarter, the company reported loan impairment charges of EUR 2.0 million. The company expects that its net profit for 2016 will be slightly higher than in 2015 as loan impairment charges are expected to remain at a low level.

Danske Bank Announces Consolidated and Parent Company Earnings Results for the Year Ended December 31, 2015

Danske Bank announced consolidated and parent company earnings results for the year ended December 31, 2015. For the year, the company reported consolidated net interest income of EUR 304.4 million against EUR 315.1 million a year ago. Total operating income was EUR 574.7 million compared to EUR 603.5 million for the same period a year ago. Profit before taxes was EUR 209.5 million compared to EUR 213.7 million for the same period a year ago. Total comprehensive income attributable to equity holders of parent company was EUR 165.7 million compared to EUR 169.1 million for the same period a year ago. Cash flow from operations was EUR 338.8 million compared to EUR 1,378.4 million for the same period a year ago. Acquisition of tangible assets was EUR 2.4 million compared to EUR 4.2 million for the same period a year ago. Return on equity was 6.6% compared to 6.9% for the same period a year ago. Return on assets was 0.6% compared to 0.6% for the same period a year ago. For the year, the company reported parent company net interest income of EUR 276.6 million against EUR 284.6 million a year ago. Total operating income was EUR 526.2 million compared to EUR 556.5 million for the same period a year ago. Profit before taxes was EUR 185.5 million compared to EUR 189.6 million for the same period a year ago. Total comprehensive income was EUR 150.5 million compared to EUR 152.5 million for the same period a year ago. Cash flow from operations was EUR 338.4 million compared to EUR 1,378.3 million for the same period a year ago. Acquisition of tangible assets was EUR 2.4 million compared to EUR 3.9 million for the same period a year ago.

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