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2 Dec 2019 – Company announcements

Danske Bank A/S revises net profit outlook for 2019 due to expected finalisation of sale of LR Realkredit A/S. Danske Bank now expects a net profit in the middle of the DKK 13-15 billion range.

Company Announcement No. 19/2019

As announced on 11 April 2019, Danske Bank and the other owner banks of Danish mortgage credit institution LR Realkredit A/S have entered into an agreement to sell LR Realkredit A/S to Nykredit Realkredit A/S. Today, the sale was approved by the Danish Competition and Con-sumer Authority, and Danske Bank expects the transaction to be completed before the end of 2019.

This means that Danske Bank will book a one-off gain of approximately DKK 0.7-0.8 billion, which is not included in our current outlook of a net profit at the lower end of the DKK 13-15 billion range. We now expect a net profit in the middle of the DKK 13-15 billion range.

Danske Bank

  • Karl Kjær Bang

    Deputy Head of Press Relations, Danske Bank Group  

    Mobile: + 45 14 14 00
    Email: kban@danskebank.dk

Journalists are also welcome to contact our Press Office by phone +45 45 14 14 00.