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Summary: Danske Bank A/S Feb 04 Product Image

Summary: Danske Bank A/S Feb 04

  • Published: February 2004
  • Standard & Poors

FEATURED COMPANIES

Abstract
The ratings on Danske Bank A/S reflect its commanding position in the Danish market, still low level of nonperforming loans (NPLs), sustained good profitability, and satisfactory core capitalization. Although expanding regionally, the Danske Bank group is the dominant financial services group in Denmark, with strong links between its risk profile and operating performance and trends in the domestic economy. The Danish economy remains comparatively robust in the EU context, however, with economic growth forecast to remain close to 2% annually through 2005, from 1.7% in 2002. Danske Bank group's assets reached Danish krone (Dkr) 1.8 trillion (€245 billion at Dkr7.45 to €1) at Dec. 31, 2003, also ranking it one of the largest financial conglomerates in the Nordic region. Its...

Companies mentioned in this report are:
- Danske Bank A/S

Action: Review

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- Danske Bank A/S

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