Danske Bank AS
DANSKE: XCSE (DNK)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
DKK 664.00 | Fkwky | Jcytdqqt |
Danske Emerging From Money-Laundering Case in Estonia With a Good Strategic Focus
Business Strategy and Outlook
Danske has been through a tumultuous decade, which saw it settle a USD 2 billion lawsuit with the U.S. Department of Justice, left the Baltic countries, refocused on the Nordics, and reduced its exposure to oil and gas borrowers. The bank, which emerged from the tumultuous decade, is finding its footing again supported by a clear strategic focus. As a result, profitability has increased, despite inflated costs due to higher expenses related to improved anti-money-laundering processes.