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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Danske Bank A/S    DANSKE   DK0010274414

DANSKE BANK A/S

(DANSKE)
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Danske Bank A/S : Buyer of property owned by Karins' family transferred money through accounts in ABLV Bank and Danske Bank

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05/17/2019 | 03:15am EDT

RIGA, May 17 (LETA) Buyer of the real estate property of Prime Minister Krisjanis Karins' (New Unity) family had been financed by Cyprus-registered company who, most believably, transferred money from its account in ABLV Bank to the buyer's account in the Latvian branch of Danske Bank, according to the information obtained by LETA.

On July 21, 2014, a loan agreement was signed between Cyprus-registered company Blackmerc Ltd and Latvian-registered company P.J.Assets 1, according to which Blackmerc Ltd lends up to EUR 3 million to P.J.Assets 1 for purchase of shares in S2 Riga company owned by Karins' wife. A real estate property at 2 Skolas Street, inherited by Karins and then given to his wife, had been invested in the share capital of the company S2 Riga.

Blackmer Ltd had a bank account in ABLV Bank, and P.J.Assets 1 had a bank in the Latvian bank of Danske Bank. Both banks have recently been involved in money laundering scandals.

Representatives of both banks refused to reveal any information on their customers and their transactions to LETA, while Danske Bank representative said that the bank is cooperating with the supervisory institutions and providing them all necessary information if needed.

Control Service deputy chief Marta Jaksona in an interview with LETA refused to reveal information whether the service is investigating the origin of money used to purchase the property of Karins' family in the accounts of ABLV Bank and Danske Bank. She said that the Control Service may only inform the pre-trial investigation institutions or the prosecutor's office, and the involved parties on such activities.

As reported, the Organized Crime Department of the State Police has launched a probe into a real estate deal that involved Karins' spouse Anda Karina.

Karins categorically denies any wrongdoing on the part of his wife. His post on Facebook explains that he owned the property at 2 Skolas Street, which for a long time was managed by his wife. They eventually decided to register the entire property in her name.

"In 2014 a potential buyer offered to buy the property. They agreed that the property would be invested in the share capital of a startup, and that the new company's shares would be sold. My wife sold all her shares and paid all applicable taxes. The deal took several months to complete. I would also like to emphasize that no offshore companies were involved in the transaction," said Karins.

© Pakistan Press International, source Asianet-Pakistan

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Financials (DKK)
Sales 2019 43 399 M
EBIT 2019 17 605 M
Net income 2019 12 357 M
Debt 2019 -
Yield 2019 7,87%
P/E ratio 2019 6,72x
P/E ratio 2020 6,68x
Capi. / Sales2019 1,89x
Capi. / Sales2020 1,86x
Capitalization 82 193 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 125,18  DKK
Last Close Price 96,24  DKK
Spread / Highest target 108%
Spread / Average Target 30,1%
Spread / Lowest Target -9,08%
EPS Revisions
Managers
NameTitle
Chris Vogelzang Chief Executive & Operating Officer
Karsten Dybvad Dalsjö Chairman
Jacob Aarup-Andersen Chief Financial Officer
Charlotte Hoffmann Director
Carol Frances Sergeant Vice Chairman
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