Danske Bank to Buy Back Shares for the First Time Since 2018
- Lender suspended buybacks during money laundering scandal
- Danske’s 2024 profit forecast exceeds most analyst estimates
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Danske Bank A/S will buy back its stock for the first time in six years as Denmark’s largest lender takes another step away from a money laundering scandal that depressed shareholder returns for half a decade.
The Copenhagen-based bank will buy shares for 5.5 billion kroner ($800 million) this year, it said on Friday. It also provided a 2024 forecast that exceeded most analyst estimates. The shares rose as much as 6.1% in the Danish capital at the market open.