Lower credit costs and expenses are key to improved profitability for Danske Bank.
Danske Bank booked a net profit of DKK 5.5 billion in the first quarter of 2017 versus DKK 4.9 billion a year ago, benefiting from the one-off gain from property sales. Total income came in at DKK 12.6 billion, up 10% from the first quarter of 2016, with increases in most income lines, especially net trading income and net fee income. Net interest income totaled DKK 5.7 billion, with the increase of 9% year over year driven by increased lending volumes. After what we consider a decent operationa...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.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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