October 25, 2014 3:12 PM ET

Banks

Company Overview of Danske Bank Oyj

Company Overview

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...

Hiililaiturinkuja 2

PL 1561

Helsinki,  00075

Finland

1,811 Employees

Key Executives for Danske Bank Oyj

Chief Executive Officer
Age: 56
Deputy Chief Executive Officer
Age: 51
Chief Risk Officer
Head of Communications
Age: 51
Vice President of Corporate Banking
Compensation as of Fiscal Year 2014.

Danske Bank Oyj Key Developments

Danske Bank Oyj to Report First Half, 2014 Results on Jul 24, 2014

Danske Bank Oyj announced that they will report first half, 2014 results on Jul 24, 2014

Danske Bank Oyj Announces Earnings Results for the First Quarter of 2014; Announces Impairments for the First Quarter of 2014; Revises Earnings Guidance for the Year 2014

Danske Bank Oyj announced earnings results for the first quarter of 2014. For the quarter, the company reported profit before tax for core activities of DKK 4.3 billion. The net profit was DKK 2.8 billion, up 91% from the first quarter of 2013. The return on shareholders’ equity after tax for the first quarter was 7.7% per annum against 4.3% per annum for the first quarter of 2013. Total income rose 3% to DKK 10.3 billion. The increase was driven, among other things, by income from insurance business and higher fee income. Non-core activities posted a loss before tax of DKK 0.6 billion. The result was in line with its expectations, and the winding-up process continues according to plan. For the quarter, the company reported impairments in its core activities remained low at DKK 0.6 billion, a fall of 55% from the level in the first quarter of 2013. This corresponds to a loan loss ratio of 0.14%. The company revised earnings guidance for the year 2014. For the year, the company expects net profit to be at the higher end of its previously communicated range of DKK 9 billion – DKK 12 billion.

Danske Bank Plc Announces Unaudited Consolidated Earnings Results for the Second Half and Year Ended December 31, 2013

Danske Bank Plc announced unaudited consolidated earnings results for the second half and year ended December 31, 2013. For the second half, the company reported net interest income of EUR 155.1 million against EUR 169.4 million a year ago. Total operating income was EUR 315.7 million against EUR 305.5 million a year ago. Profit before taxes was EUR 99.0 million against EUR 80.4 million a year ago. Total comprehensive income attributable to equity holders of the parent was EUR 70.5 million against EUR 63.3 million a year ago. For the year, the company reported net interest income of EUR 318.3 million against EUR 358.1 million a year ago. Total operating income was EUR 621.7 million against EUR 637.5 million a year ago. Profit before taxes was EUR 199.7 million against EUR 156.8 million a year ago. Total comprehensive income attributable to equity holders of the parent was EUR 145.3 million against EUR 114.7 million a year ago. Cash flows used in operating activities was EUR 3,142.7 million against cash flow from operating activities of EUR 3,320.7 million a year ago. Acquisition of intangible assets was EUR 1.3 million against EUR 1.2 million a year ago.

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