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2 February, 2019 00:00 00 AM
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Danske Bank vows tighter controls

AFP, Copenhagen

Denmark’s Danske Bank, caught up in a massive money laundering scandal, said yesterday its 2018 earnings plunged nearly 30 per cent and promised tighter controls to prevent any further regulatory lapses.

Net profit came in at 15 billion kroner (2 billion euros) for the year, down 28 per cent on 2017, but largely in line with analyst forecasts and enough to reassure investors Danske Bank’s core business was sound. The shares were up nearly two per cent in mid-morning trade in Copenhagen while the broader market was showing a gain of 1.4 percent.

“The results were largely in line with expectations and investors were reassured that the core Danske Bank businesses are going well,” Sydbank analyst Mikkel Emil Jensen told the news agency.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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