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Danske Bank A/S DANSKE Stock Quote

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Morningstar‘s Stock Analysis DANSKE

Currency in DKK
Is it the right time to buy or sell?
Is it the right time to buy or sell?

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Economic Moat


Capital Allocation


Danske Books Large Provision for Estonia Case and Cancels Dividends

Niklas Kammer, CFA Equity Analyst

Analyst Note

| Niklas Kammer, CFA |

Narrow-moat Danske's third-quarter results were overshadowed by a DKK 14 billion provision taken related to the Estonia case. Excluding this large one-off, performance was decent. Income generation, up 12% to DKK 9,767 million, primarily own stronger net interest income (up 9%), more than offset 6% higher operating expenses. Loan impairment charges nearly doubled to DKK 368 million versus DKK 192 million a quarter ago, driven by another DKK 650 million one-off related to the legacy debt collection case. We maintain our DKK 170 per share fair value estimate.

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Key Statistics DANSKE

Company Profile DANSKE

Business Description

Founded in 1871, Danske Bank's headquarters are in Copenhagen, Denmark. It is the largest Danish bank with a dominant market share of 27% in lending and 29% in deposits. It operates through 270 branches in Denmark, Finland, Sweden, Norway, Ireland, and the United Kingdom. With the establishment of its wealth management segment in April 2016, the bank now operates via five segments. The others are banking Denmark, banking Nordics, corporates and institutions, and Northern Ireland.

Holmens Kanal 2-12
Copenhagen, DK-1092, Denmark
T +45 33440000
Industry Banks - Regional
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 21,528