Danske Is Finding Its Footing Again
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. Now, the bank 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.