Danske Bank A/S revises net profit outlook for 2019 due to expected finalisation of sale of LR Realkredit A/S. Danske Bank now expects a net profit in the middle of the DKK 13-15 billion range.

World News: . []

As announced on 11 April 2019, Danske Bank and the other owner banks of Danish mortgage credit institution LR Realkredit A/S have entered into an agreement to sell LR Realkredit A/S to Nykredit Realkredit A/S. Today, the sale was approved by the Danish Competition and Consumer Authority, and Danske Bank expects the transaction to be completed before the end of 2019.

This means that Danske Bank will book a one-off gain of approximately DKK 0.7-0.8 billion, which is not included in our current outlook of a net profit at the lower end of the DKK 13-15 billion range. We now expect a net profit in the middle of the DKK 13-15 billion range.

Danske Bank

Contact: Karl Kjær Bang, Head of Press Relations (interim), tel. +45 45 14 14 00


More news and information about Danske Bank A/S

Published By:

Globe Newswire: 16:06 GMT Monday 2nd December 2019

Published: .

Search for other references to "danske" on SPi News


Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2020. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
Privacy Policy | Terms and Conditions | Contact Us