Thursday April 9, 2020

Danske raises profit outlook

Danske Bank raised its profit outlook for this year as Scandinavia’s second-largest lender by assets delivered its best quarterly result since Denmark’s property bubble burst in 2008.

24th July, 2014
Danske has retreated from the Irish market.

Danske Bank raised its profit outlook for this year as Scandinavia’s second-largest lender by assets delivered its best quarterly result since Denmark’s property bubble burst in 2008.

Profit last quarter rose 85 per cent to 4.05 billion kroner, beating analyst expectations. The strong results came during a quarter in which the bank further disengaged from the Irish market.

The Sunday Business Post reported last month that the bank planned to pull out of the...

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