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 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

SEB dirty money problems 'not new', says Swedish FSA after TV show revelations

share with twitter share with LinkedIn share with facebook
09/23/2020 | 10:00am EDT
SEB bank sign is seen on the bank's building in Tallinn

Sweden's financial watchdog said on Wednesday that lender SEB's past deficiencies regarding money-laundering were well known, after Swedish Television (SVT) aired a programme saying 8.2 billion Swedish crowns ($919 million) in suspicious funds had passed through the bank.

SVT's allegations were based on leaked suspicious activity reports (SARs) filed by banks and other financial firms with the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN), which were reported by U.S. and other media on Sunday.

"The fact that there has been suspected illicit financial flows through SEB in the Baltic region is something that has been reported on...so in that sense this information is not new," the FSA told Reuters.

The Baltic scandal, first ensnaring Danske Bank and resulting in a record Swedish fine for Swedbank, lifted the lid on money flows from Russian and other non-resident clients into the European Union and elsewhere.

"The information that (SVT's) Uppdrag Granskning presents in its programme does not contain any news for the bank," SEB said in a statement.

SEB was fined 1 billion crowns by Sweden's financial watchdog in June for failures in compliance and governance in relation to anti-money-laundering controls in the Baltics.

"The scope in time on our part for the investigation was originally set for 2007-2019, but for a number of reasons...not least changes in the regulatory framework...that time frame was later limited to 2015-2019," the FSA said.

Shares in SEB were up 2.1% at 1141 GMT.

"It doesn't add much that is new. We talked about a relatively large number of suspicious transitions before," said Andreas Hakansson, a senior analyst at Danske Bank.

Hakansson added that the SVT programme did, however, contain some new details on names connected to suspected wrongdoing at SEB.

Among others, SVT said SEB did business with a British company that was part of the so-called "Russian laundromat", an alleged large-scale, Russian-led money laundering scheme reported by media in 2017.

The FinCEN leaks reported by media on Sunday showed several global banks moved large sums of allegedly illicit funds over a period of nearly two decades despite red flags about the origins of the money.

($1 = 8.9257 Swedish crowns)

By Colm Fulton


Stocks mentioned in the article
ChangeLast1st jan.
DANSKE BANK A/S -3.55% 88.54 Delayed Quote.-14.84%
SKANDINAVISKA ENSKILDA BANKEN AB -1.94% 79.68 Delayed Quote.-7.74%
SWEDBANK AB -1.01% 145.32 Delayed Quote.5.27%
share with twitter share with LinkedIn share with facebook
All news about DANSKE BANK A/S
01:05pDANSKE BANK A/S : revises 2020 net profit outlook upwards. Now expects a net pro..
PU
12:38pDANSKE BANK A/S : revises 2020 net profit outlook upwards. Now expects a net pro..
AQ
07:17aGerman bond yields at 1-week low as caution sets in
RE
10/26DANSKE BANK A/S : Notes with a coupon payment linked to 3 month DKK CIBOR
AQ
10/26BOOZT : announces intention to list its shares on Nasdaq Copenhagen and is consi..
AQ
10/22DANSKE BANK A/S : S&P Danica Pension Livsforsikringsaktieselskab Oct-22-2020
PU
10/21Handelsbanken net profit hit by restructuring costs
RE
10/20DANSKE BANK A/S : credit-linked structured notes
AQ
10/19ABG SUNDAL COLLIER : Mandate Announcement and Fixed Income Investor Calls
AQ
10/13German prosecutors drop money-laundering probe against Deutsche Bank managers
RE
More news
Financials
Sales 2020 41 692 M 6 631 M 6 631 M
Net income 2020 3 854 M 613 M 613 M
Net Debt 2020 - - -
P/E ratio 2020 23,0x
Yield 2020 1,90%
Capitalization 78 268 M 12 434 M 12 448 M
Capi. / Sales 2020 1,88x
Capi. / Sales 2021 1,85x
Nbr of Employees 22 191
Free-Float 78,4%
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
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 112,63 DKK
Last Close Price 91,80 DKK
Spread / Highest target 96,1%
Spread / Average Target 22,7%
Spread / Lowest Target -5,23%
EPS Revisions
Managers
NameTitle
Chris Vogelzang Chief Executive Officer
Karsten Dybvad Dalsjö Chairman
Frans Woelders Group Chief Operating Officer
Stephan Engels Chief Financial Officer
Fredrik Lindstrom Group Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
DANSKE BANK A/S-14.84%12 434
JPMORGAN CHASE & CO.-25.53%308 600
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED-20.50%255 070
BANK OF AMERICA CORPORATION-30.32%212 554
CHINA CONSTRUCTION BANK CORPORATION-13.82%189 129
CHINA MERCHANTS BANK CO.. LTD.8.09%150 821