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Danske Bank A/S (DANSKE.CO)

Copenhagen - Copenhagen Real Time Price. Currency in DKK
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120.40+1.80 (+1.52%)
At close: 4:59PM CEST
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Neutralpattern detected
Previous Close118.60
Open119.50
Bid120.20 x 0
Ask120.40 x 0
Day's Range118.50 - 120.40
52 Week Range69.68 - 125.60
Volume2,182,881
Avg. Volume2,445,880
Market Cap102.746B
Beta (5Y Monthly)1.18
PE Ratio (TTM)12.04
EPS (TTM)10.00
Earnings DateJul 23, 2021
Forward Dividend & Yield2.00 (1.66%)
Ex-Dividend DateMar 17, 2021
1y Target Est183.95
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offereeArrow Global Group PLC(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure06-05-2021(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”N/A 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 1p ordinary shareInterestsShort positions Number%Number%(1) Relevant securities owned and/or controlled: 5,261,095.002.97 (2) Cash-settled derivatives: (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL:5,261,095.002.97 All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors’ and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant securityPurchase/sale Number of securitiesPrice per unit1p ordinary sharePurchase25,080.00305.00 (b) Cash-settled derivative transactions Class of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit (ii) Exercise Class of relevant securityProduct description e.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none” none (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none” none (c) Attachments Is a Supplemental Form 8 (Open Positions) attached?NO Date of disclosure:07-05-2021Contact name:Ligita TilenyteTelephone number*:+37067437604 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. 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      Danske Bank A/S to Host Earnings Call

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    • Solid start to the year driven by good customer activity, continued  cost focus and strong credit quality Net profit of DKK 3.1 billion for the first quarter of 2021
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      Solid start to the year driven by good customer activity, continued cost focus and strong credit quality Net profit of DKK 3.1 billion for the first quarter of 2021

      Press release Holmens Kanal 2 – 12DK-1092 København KTel. +45 45 14 14 0028 April 2021 Solid start to the year driven by good customer activity, continued cost focus and strong credit qualityNet profit of DKK 3.1 billion for the first quarter of 2021 Carsten Egeriis, Chief Executive Officer, comments on the financial results: “We saw good customer activity in the beginning of 2021, and with our new organisation, we continued to support both personal and business customers in a quarter marked by the second wave of the pandemic and lockdowns throughout our societies. As a result, we saw a positive income development across our business and our cost measures continue to have an effect, as we are becoming a more efficient bank. We are making progress with the execution of our 2023 ambitions as planned, and with a diversified business model, strong capital position and credit quality, relevant advisory services and our highly dedicated colleagues, we are well positioned to continue our transformation towards becoming an even more competitive bank.” First quarter 2021 vs first quarter 2020Total income of DKK 10.8 billion (up 17%) Operating expenses of DKK 6.3 billion (down 2%)Impairments of DKK 497 million (against DKK 4.3 billion in the first quarter of 2020)Net profit of DKK 3.1 billion (against DKK -1.3 billion in the first quarter of 2020)Return on shareholders’ equity of 7.5% (against -3.8% in the first quarter of 2020)Strong capital position, with a total capital ratio of 23.4% and a CET1 capital ratio of 18.1% Nordic economies steering well through second waveIn the first quarter, we saw that the Nordic economies steered well through the second wave of the pandemic. Similarly, the housing markets in the Nordic countries maintained their good performance during the period. Overall, government support packages continued to help the economy, while they naturally also caused a decline in credit demand. Credit quality remained strong, as we continued to see a low level of actual credit deterioration, and impairment levels have started to normalise.Together with strong liquidity buffers, this means that we continue to be well-equipped to help our customers through the economic uncertainty. The recovery of economic activity in Denmark as well as the other Nordic countries during the second half of the year is likely to support customer activity and credit demand and as such also be supportive for our income streams in the second half of the year, even though we expect an increase in the number of bankruptcies. Delivering on both income and costIn general, our diversified and resilient business model continued to prove valuable in the current lending and interest rate environment, ensuring a positive development in our income, which was up 17%. Moreover, solid customer activity resulted in an increase in lending of 3%. As costs also decreased 2%, our profitability strengthened and our return on equity improved from -3.8% in the first quarter of 2020 to 7.5% in the first quarter of this year. Net interest income was positively impacted by the lending growth in the Nordic countries and deposit repricing effective from January 2021, although the positive effect was offset, among other things, by bank lending to personal customers continuing to decline as customers switched to mortgage loans, the repayment of bank loans accelerating in the first quarter and lower credit demand from business customers. Net fee and trading income held up well in the first quarter on the back of strong customer activity in the capital markets, constructive conditions in the financial markets and good traction in asset management. Among many successful transactions executed during the quarter, we supported Tryg in their DKK 37 billion rights issue – the largest ever ECM capital raising transaction in the Nordic countries. As intended in our 2023 plan, we made large investments in our transformation and a stabilisation of our underlying cost development during 2020, while in the first quarter of 2021, we continued to see the results of our strict focus on cost control as evidenced by the downward trend in total costs, and the execution of planned cost initiatives continues. The execution of our Better Bank plan proceeded according to plan in the first quarter, and our new organisation is now in place, in which the Better Bank initiatives are an even more integral part of the business. “We have seen our business deliver good growth in many of our Nordic markets in the first quarter on the back of solid customer activity. While net interest income was impacted by margin pressure, our capital markets platform also ensured a positive development in both fee and trading income. With commercial momentum, cost measures having a tangible effect and strong credit quality, we are well positioned to deliver on our financial targets for the year,” says Stephan Engels, CFO. Personal & Business CustomersThe lockdown of societies has accelerated customer demand for more digital banking solutions and in the first quarter, we launched a new digital tool that provides investment customers with a customised overview of the costs associated with investing. Sustainability also continued to be high on the agenda in the first quarter of 2021. The product range for sustainable financing was widened with an offering for business customers of green loans for large investments and an expansion of our green loans offering through Realkredit Danmark. Profit before tax was up DKK 1.1 billion from the same period last year due to lower loan impairment charges. Large Corporates & Institutions The positive sentiment driven by vaccination programmes and continued monetary and fiscal support contributed to high customer activity across all business areas, and we supported customers with advisory services and execution in a number of landmark transactions across loan, debt and equity capital markets. We affirmed our position as the leading investment bank and adviser in the Nordic market and were ranked number one among Nordic banks in announced equity capital markets and debt capital markets transactions. Sustainable financing continued to be in high demand, and we supported issuers and investors in a substantial number of transactions, affirming our position as the leading Nordic bank within sustainable financing. Profit before tax increased to DKK 2 billion, against a loss of DKK 1.8 billon in the same period last year. Danica PensionThe financial markets saw considerable turbulence in the first quarter of 2021, which affected our customers’ returns on their pension savings but also Danica Pension’s result. Despite the turbulence, many of our customers received moderately positive returns on their pension savings in the first quarter, just as Danica Pension profited from the developments, especially in terms of the investment result. Net income from insurance business increased to DKK 491 million, up from DKK 99 million in the same period last year. Northern IrelandInvestment support requests from medium-sized and large business customers increased steadily, and the housing market remained robust with healthy demand from prospective buyers. In a challenging environment, including a sharp decline in UK interest rates since March last year, we continue to execute our strategic growth opportunities while tightly managing costs. Profit before tax increased to DKK 106 million from DKK 49 million in the same period last year. Outlook for 2021On the basis of the development seen in the first quarter, we maintain our outlook for 2021 with a net profit in the range of DKK 9-11 billion. Danske Bank Contact: Stefan Singh Kailay, Head of Media Relations, tel. +45 45 14 14 00 More information about Danske Bank’s financial results is available at danskebank.com/reports. Attachments Danske Bank Interim report first quarter 2021 Press release Danske Bank 28 April 2021