Danske Bank A/S Q2 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst : Here is Sofie from JPMorgan. My first question would be just around the Estonia case. In your report on Page 12, I think you got to say that you continue to cooperate with the authorities, but you might need to take some more -- or to do some more internal investigations in 2021. I thought the internal investigation is very -- kind of completed by now. So could you just kind of comment why you might have to do more internal investigations? And also what your latest is with the U.S., have you submitted all the information from your side? Or are they still waiting for data or some information from Danske? So that would be my first question. And my second question would be TLTRO. Did you take any TLTRO in Finland or elsewhere in the group? And has that had any positive impact on your net interest income? And if so, how much?

Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst : Okay. But have you booked any TLTRO benefit in your net interest income?

Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst : Okay. And should we expect any TLTRO benefit to come through that net interest income at some point?

Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst : Okay. And just a follow-up on the Estonia case. So basically, the ball is now with the other authorities or it's in Danske's court? If I understood it correctly, you're just waiting for the U.S. authorities and other authorities to get back to you, is that correct?