Danske Bank A/S Q3 2019 Earnings Call Transcript - Thomson StreetEvents

Danske Bank A/S Q3 2019 Earnings Call Transcript

Danske Bank A/S Q3 2019 Earnings Call Transcript - Thomson StreetEvents
Danske Bank A/S Q3 2019 Earnings Call Transcript
Published Nov 01, 2019
Published Nov 01, 2019
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Abstract:

Edited Transcript of DANSKE.CO earnings conference call or presentation 1-Nov-19 1:00pm GMT

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Danske Bank A/S
Ticker
DANSKE.CO
Time
1:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst : It's Sofie from JPMorgan. So I was wondering if you could just give a little bit more details around where the cost savings are coming from, the DKK 5 billion that you mentioned in the report. And also -- yes, if you can give details on how we should think about the net cost saves over the next 3 years?

Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst : And maybe a little bit more around the divisions, how should we think about the cost cuts across the divisions? Will it be equally split between the various divisions? Or is it more tilted in towards certain divisions? I mean if you could give a little bit more details around that. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 01, 2019 / 1:00PM, DANSKE.CO - Q3 2019 Danske Bank A/S Earnings Call

Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst : Okay. And do you have spend then by 2023, DKK 15 billion in money laundering and compliance cost, how do we know that this is kind of the end? Do you think that -- it seems that it's a spend that continues to never stop? What makes you certain that DKK 15 billion by 2023 is enough that it doesn't increase again by DKK 1 billion or DKK 2 billion per year?

Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst : So basically, if I go to your slide with AML gross, and I add up all the costs between 2017. So Slide 14, if I add up DKK 1 billion for...

Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst : Okay. And then just a final question. Do you have any plans of introducing negative interest rates in Denmark?

Table Of Contents

Danske Bank A/S Q1 2020 Earnings Call Transcript – 2020-04-30 – US$ 54.00 – Edited Transcript of DANSKE.CO earnings conference call or presentation 30-Apr-20 12:30pm GMT

Danske Bank A/S Q1 2020 Earnings Press Conference Transcript – 2020-04-30 – US$ 54.00 – Edited Transcript of DANSKE.CO earnings conference call or presentation 30-Apr-20 8:00am GMT

Danske Bank A/S Q1 2020 Pre-Close Call Transcript – 2020-04-03 – US$ 54.00 – Edited Transcript of DANSKE.CO conference call or presentation 3-Apr-20 12:00pm GMT

Danske Bank A/S Q4 2019 Earnings Call Transcript – 2020-02-05 – US$ 54.00 – Edited Transcript of DANSKE.CO earnings conference call or presentation 5-Feb-20 1:30pm GMT

Danske Bank A/S Pre Close Call Transcript – 2020-01-10 – US$ 54.00 – Edited Transcript of DANSKE.CO conference call or presentation 10-Jan-20 1:00pm GMT

Danske Bank A/S Q2 2019 Earnings Call Transcript – 2019-07-18 – US$ 54.00 – Edited Transcript of DANSKE.CO earnings conference call or presentation 18-Jul-19 11:00am GMT

Danske Bank A/S Q1 2019 Earnings Call Transcript – 2019-04-30 – US$ 54.00 – Edited Transcript of DANSKE.CO earnings conference call or presentation 30-Apr-19 12:30pm GMT

Danske Bank A/S Q4 2018 Earnings Call Transcript – 2019-02-01 – US$ 54.00 – Edited Transcript of DANSKE.CO earnings conference call or presentation 1-Feb-19 1:30pm GMT

Danske Bank A/S Q4 2018 Earnings Press Conference Transcript – 2019-02-01 – US$ 54.00 – Edited Transcript of DANSKE.CO earnings conference call or presentation 1-Feb-19 8:00am GMT

Danske Bank A/S Q3 2018 Earnings Call Transcript – 2018-11-01 – US$ 54.00 – Edited Transcript of DANSKE.CO earnings conference call or presentation 1-Nov-18 1:30pm GMT

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MLA:
Thomson StreetEvents. "Danske Bank A/S Q3 2019 Earnings Call Transcript" Nov 01, 2019. Alacra Store. May 08, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2019-Danske-Bank-A-S-Earnings-Call-T12752760>
  
APA:
Thomson StreetEvents. (2019). Danske Bank A/S Q3 2019 Earnings Call Transcript Nov 01, 2019. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2019-Danske-Bank-A-S-Earnings-Call-T12752760>
  
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