Danske Bank A/S Q3 2018 Earnings Call Transcript

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

Question: Sofie Caroline Elisabet Peterzens - JP Morgan Chase & Co, Research Division - Analyst : Here is Sofie from JPMorgan. I have one question regarding the DKK 200 billion of flows that you had in the report that you published a bit -- a month ago. The data from the Central Bank of Estonia that we got last week basically suggests that you included all the cross-border payments in the DKK 200 billion flow data that you gave. Is that -- this correct? And if so, why do you think all these cross-border payments are suspicious given without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. NOVEMBER 01, 2018 / 1:30PM, DANSKE.CO - Q3 2018 Danske Bank A/S Earnings Call that many of the other Nordic banks are saying that many of these cross-border payments relate to -- our normal ongoing transactions that you have? And also, is the U.S. looking at these cross-border payment data from the Estonian authorities? So that would be my first question. And second question will be, you had slightly higher loss fees from agriculture and oil. Could you just elaborate a little bit more on these losses? And how we should think about the asset quality in these 2 segments going forward?

Question: Sofie Caroline Elisabet Peterzens - JP Morgan Chase & Co, Research Division - Analyst : Well, I mean, obviously, if I look at the data from the Central Bank of Estonia, basically, I mean, they had that you had payments from abroad of roughly EUR 150 billion. And that goes quite nicely with your kind of data that -- on the ongoing funds, how many of these were basically from abroad. So I'm just wondering if you included all the cross-border payments, if the data is basically comparable from Bank of Estonia and what you put in your report.