Danske Bank A/S

Danske Bank is a diversified financial services firm. Through its subsidiaries, Co.'s activities include the provision of banking, mortgage finance, insurance, real estate brokerage, asset masnagement and trading in fixed income products, foreign exchange and equities. Co. operates international retail bank operations in 15 countries, with an emphasis in the Nordic region. Co. divides its operations into five segments: Banking Activities, Danske Markets, Danske Capital, Danica Pension and Other Activities. As of Dec 31 2011, Co. had total assets of DKK3,424,403,000,000 and total deposits of DKK848,994,000,000.
  • TickerDANSKE
  • ISINDK0010274414
  • ExchangeNasdaq Nordic Copenhagen
  • SectorBanks
  • CountryDenmark
Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Powerpoint Sector Report - Nordic banks – Statistical update - Swedish bankruptcies July 2020

The total number of bankruptcies was down by 9% y-o-y and 17% m-o-m in July 2020. Corporate bankruptcies decreased by 5% y-o-y and 17% m-o-m. In January-July, the total number of bankruptcies was up by 2% y-o-y, while corporate bankruptcies increased by 7% y-o-y.

Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Powerpoint Sector Report - Nordic banks - Statistical update - Swedish lending June 2020

Total lending increased by 5.2% y-o-y (corporate lending +5.2% and retail lending +5.1%) and 0.2% m-o-m. Last month, total lending was up by 5.3% y-o-y (corporate lending +5.6% and retail lending +5.1%) . Bank (non-mortgage) lending grew by 3.1% y-o-y (corporate lending +2.8% and retail lending +4.0%) and down 1.4% m-o-m. Last month, bank lending increased by 4.7% y-o-y (corporate lending +4.6% and retail lending +4.7%). Mortgage lending was up 5.7% y-o-y (corporate lending +7.0% and retail lending +5.4%) and 0.7% m-o-m. Last month, mortgage lending grew by 5.5% y-o-y (corporate lending +6.0%...

Christer Magnergård ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Ragnhild Støer
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Anders Idborg ...
  • Bengt Jonassen
  • Derek Laliberté
  • Erik Moberg
  • Fredrik Ivarsson
  • Jan Erik Gjerland
  • Karl Bokvist
  • Mads Thinggaard
  • Magnus Andersson
  • Martin Melbye
  • Olof Cederholm
  • Oskar Vikström
  • Øystein Elton Lodgaard
  • Peter Kurt Nielsen
  • Rickard Anderkrans
  • Tobias Kaj
  • Victor Forssell

Talking Points - Kesko (Hold): New guidance looking cautious

Autoliv (Buy) Post-result: Trends supportive for Q3 improvement …could be a touch on the cautious side Stock up 10% YTD, fairly valued

Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Danske Bank - Massive cost execution just around the corner

Q2 much better than expected alongside a credit relief 9-10% ROE target stands despite compliance cost overrun TP up to DKK 120 (115); reiterate BUY

Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Powerpoint Sector Report - Nordic banks – Statistical update - Swedish bankruptcies July 2020

The total number of bankruptcies was down by 9% y-o-y and 17% m-o-m in July 2020. Corporate bankruptcies decreased by 5% y-o-y and 17% m-o-m. In January-July, the total number of bankruptcies was up by 2% y-o-y, while corporate bankruptcies increased by 7% y-o-y.

Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Powerpoint Sector Report - Nordic banks - Statistical update - Swedish lending June 2020

Total lending increased by 5.2% y-o-y (corporate lending +5.2% and retail lending +5.1%) and 0.2% m-o-m. Last month, total lending was up by 5.3% y-o-y (corporate lending +5.6% and retail lending +5.1%) . Bank (non-mortgage) lending grew by 3.1% y-o-y (corporate lending +2.8% and retail lending +4.0%) and down 1.4% m-o-m. Last month, bank lending increased by 4.7% y-o-y (corporate lending +4.6% and retail lending +4.7%). Mortgage lending was up 5.7% y-o-y (corporate lending +7.0% and retail lending +5.4%) and 0.7% m-o-m. Last month, mortgage lending grew by 5.5% y-o-y (corporate lending +6.0%...

Anders Idborg ...
  • Bengt Jonassen
  • Derek Laliberté
  • Erik Moberg
  • Fredrik Ivarsson
  • Jan Erik Gjerland
  • Karl Bokvist
  • Mads Thinggaard
  • Magnus Andersson
  • Martin Melbye
  • Olof Cederholm
  • Oskar Vikström
  • Øystein Elton Lodgaard
  • Peter Kurt Nielsen
  • Rickard Anderkrans
  • Tobias Kaj
  • Victor Forssell

Talking Points - Kesko (Hold): New guidance looking cautious

Autoliv (Buy) Post-result: Trends supportive for Q3 improvement …could be a touch on the cautious side Stock up 10% YTD, fairly valued

Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Danske Bank - Massive cost execution just around the corner

Q2 much better than expected alongside a credit relief 9-10% ROE target stands despite compliance cost overrun TP up to DKK 120 (115); reiterate BUY

Håkon Astrup

Danske Bank (Buy, TP: DKK115.00) - Easing headwinds

Q2 EPS was DKK2.6, meaningfully above consensus, driven by lower loan loss impairments and higher trading income. However, the higher-quality income lines were better than expected too, and we have raised our 2021–2022e EPS by 4–5% on the improving NII trends and lower loan loss impairments. We reiterate our BUY and have increased our target price to DKK115 (100), corresponding to a 2021e P/E of ~9.5x.

Danske Bank A/S: Update to credit analysis

Our credit view of Danske Bank A/S, reflecting its improving asset quality and capitalisation, as well as profitability pressures and the risks from ongoing investigations.

Danske Bank A/S: Negative rates for personal deposits are credit positive for Danske Bank

The move is credit positive because it will support Danske Bank's net interest income and profitability, but its profitability remains under pressure from other sources.

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/IBM, Handelsbanken, BNP Paribas, Danske Bank, Vodafone, Vattenfall & Naturgy

IBM issues €3.75bn in a 3 part Reverse Yankee deal, with attractive savings on swap

ING
Suvi Platerink Kosonen

Nordic bank green bonds/Fresh green bonds with value

Nordic banks have issued €4.25bn in green senior unsecured paper targeting 10 different UN sustainable development goals. We expect the Nordic green bond market to continue growing and become more varied also as there is no social/ sustainable bond yet issued. The first green redemptions are due in 2022.

Danske Bank A/S: Update following senior unsecured downgrade to A3, deposit affirmation at A2

Our credit view of Danske Bank A/S, reflecting its improving asset quality and capitalisation, as well as profitability pressures and the risks from ongoing investigations.

Christer Magnergård ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Ragnhild Støer
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Håkon Astrup ...
  • Niclas Gehin
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Frank Maaø ...
  • Håkon Astrup
  • Jesper Ingildsen
  • Martin Arnell
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Christoffer Wang Bjørnsen ...
  • Frank Maaø
  • Håkon Astrup
  • Jimi Lehtonen
  • Martin Arnell
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Stefan Gauffin
  • Viktor Trollsten

Northern Lights

Frank Maaø ...
  • Håkon Astrup
  • Helene Kvilhaug Brøndbo
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

With a more favourable environment, DANSKE BANK A/S improves to Slightly Positive

DANSKE BANK A/S (DK), a company active in the Money Center Banks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date June 16, 2020, the closing price was DKK 89.12 and its potential was estimated at DKK 97.75.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Danske Bank – AGM 9 june 2020

In general, Danske Bank is in compliance with the Danish regulations relating to organisation and procedures of the Annual General Meeting.   Under ITEM 4f it is proposed to re-appoint Ms. Carol Sergeant as Vice Chairman of the board of directors. Although she is considered independent, ECGS does NOT approve of the re-appointment of any board members who were part of the board of directors at the time of the money laundering scandal in Estonia. Accordingly, ECGS recommends to vote OPPOSE.   Under ITEM 7 authorisation is sought to repurchase own shares. Although the authority requested woul...

Expert Corporate Governance Service (ECGS)

Danske, March 18 2019

In general, Danske Bank is in compliance with the Danish regulations relating to organisation and procedures of the Annual General Meeting. 2018 was an annus horribilis for Danske Bank in many aspects. During the period 2007-2015, there were material and critical inadequacies regarding the Company's anti money laundering (AML) procedures in the non-resident's portfolio of its Estonian branch. The "Estonia case" led to the resignation of CEO - Mr. Thomas F. Borgen -, Head of Business Banking - Mr. Lars Morch - and Head of Wealth Management - Mr. Tonny Thierry Andersen - in 2018. In addition, se...

Danske – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Danske Bank AS - 2018, December 7th

In general, Danske Bank is in compliance with the Danish regulations relating to the organisation and procedures of the Extraordinary General Meeting. In light of the money-laundering case at the Company's Estonian branch, which has led to the resignation of several senior executives including Danske Bank's CEO (Mr.Borgen) and Head of Business Banking (Mr. Morch), major shareholder A.P. Moller Holding proposes changes to the board of directors. Under ITEM 1.1, major shareholder A.P. Moller Holding proposes to newly appoint Mr.Dybvad as Member of the board of directors. Based on the available...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch