Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

DANSKE BANK A/S

(DANSKE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Danske Bank A/S : Deminor files complaint against Danske Bank's former CEO

share with twitter share with LinkedIn share with facebook
share via e-mail
02/21/2020 | 04:21am EDT
FILE PHOTO: A Danske bank sign is seen on a bank's headquarters in Copenhagen

Belgian consultancy firm Deminor said on Friday it had filed a complaint on behalf of 155 institutional investors seeking 358 million euros ($386 million) in damages from Danske Bank's former Chief Executive Thomas Borgen.

Deminor, which specializes in representing institutional investors in class actions against public listed companies, said it believed investors had been misled in connection with suspected money laundering at Denmark's biggest lender.

"Knowing the extent of the money laundering activities and the associated material risks in February 2014, the former CEO should have ensured that the bank - at the time - disclosed this information to the public, which was not the cases," Deminor said in a statement.

Borgen's lawyer Peter Schradieck told Reuters he had no comments about the complaint.

Deminor partner Edouard Fremault told Reuters it would take at least four to five years before the case would actually run in court.

At last year's annual shareholder meeting, Danske shareholders rejected a proposal from Deminor for an independent investigation into the bank's involvement in alleged money laundering.

Danske Bank is under investigation in several countries including the United States over 200 billion euros ($220 billion) of payments through its branch in Estonia between 2007 and 2015, many of which the bank has said were suspicious.

The bank is facing at least three other lawsuits from investors, including one in the United States by 232 pension funds and other investors claiming damages of nearly $800 million.

(Reporting by Stine Jacobsen; Editing by Edmund Blair)

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on DANSKE BANK A/S
03/26DANSKE BANK A/S : -The US central bank is taking even more aggressive actions to..
AQ
03/23DANSKE BANK A/S : supports initiatives to mitigate the financial consequences of..
AQ
03/23SWEDBANK : pulls ex-CEO's golden parachute over money-laundering crisis
RE
03/20DANSKE BANK A/S : Fraudsters are taking advantage of the fear of COVID-19
AQ
03/19DANSKE BANK A/S : Setting the minimum requirement for own funds and eligible lia..
PU
03/19DANSKE BANK A/S : Frans Woelders joins Danske Bank's Executive Leadership Team
AQ
03/18DANSKE BANK A/S : The central banks are doing their best to help the economies i..
AQ
03/18DANSKE BANK A/S : Ex-dividend day for final dividend
FA
03/17DANSKE BANK A/S : Postponement of Danske Bank's annual general meeting called fo..
AQ
03/16DANSKE BANK A/S : sees lower net income this year due to coronavirus, suspends o..
RE
More news
Financials (DKK)
Sales 2020 41 488 M
EBIT 2020 13 272 M
Net income 2020 7 358 M
Debt 2020 -
Yield 2020 4,85%
P/E ratio 2020 9,62x
P/E ratio 2021 6,31x
Capi. / Sales2020 1,52x
Capi. / Sales2021 1,49x
Capitalization 63 208 M
Chart DANSKE BANK A/S
Duration : Period :
Danske Bank A/S Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DANSKE BANK A/S
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 112,43  DKK
Last Close Price 74,04  DKK
Spread / Highest target 170%
Spread / Average Target 51,8%
Spread / Lowest Target 1,30%
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
Sector and Competitors
1st jan.Capitalization (M$)
DANSKE BANK A/S-30.09%9 381
JPMORGAN CHASE & CO.-34.63%280 131
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED1.38%256 408
CHINA CONSTRUCTION BANK CORPORATION0.64%203 836
BANK OF AMERICA CORPORATION-38.67%188 455
BANK OF CHINA LIMITED0.00%136 155