Investigations into Danske Bank's Estonian branch
The investigations into Danske Bank's branch in Estonia, launched in autumn 2017, have now reached the point at which the Board of Directors can present the conclusions.
There is no doubt that the problems related to the Estonian branch were much bigger than anticipated when we initiated the investigations. The findings of the investigations point to some very unacceptable and unpleasant matters at our Estonian branch, and they also point to the fact that a number of controls at the Group level were inadequate in relation to Estonia.
The Board of Directors ordered the investigations, which were led by the Bruun & Hjejle law firm. The investigations cover around 15,000 customers and 9,5 million payments. You can read the conclusions of the investigations in the report, which is available for download. You can also download Danske Bank’s press release about the investigations and the consequences taken by the Board of Directors.
On this site you can also read more about our initiatives to ensure that nothing similar ever happens again.