Danske Bank  to Hike Shareholder Payout
World Economy

Danske Bank to Hike Shareholder Payout

Denmark’s largest financial institution, Danske Bank, plans to make its biggest ever payout to investors via a dividend and share buy-back, it said on Tuesday, after posting fourth-quarter earnings that beat forecasts, Bloomberg reported. Copenhagen-based Danske Bank said it planned to pay a dividend of eight Danish crowns per share and buy back 9 billion crowns ($1.31 billion) of stock. The bank was hit particularly hard by Europe’s financial crisis and has until now struggled to keep up with rivals on key metrics such as return on equity. “In 2015, Danske Bank continued to progress and delivered strong results despite a challenging environment,” said chief executive Thomas Borgen in a statement. Danske Bank reported fourth-quarter profit before tax above analysts’ average forecast thanks to higher trading income. Pretax profit was 866 million crowns ($126.4 million) after lower goodwill impairments than a year earlier. Analysts had expected a pretax profit of 615 million crowns.

Short URL : http://goo.gl/Qrl4ET
  1. http://goo.gl/gRDRFR
  • http://goo.gl/641CHL
  • http://goo.gl/UivhMF
  • http://goo.gl/Hhtpux
  • http://goo.gl/mly2Fn

You can also read ...

Curing existing patients also decreases the number of carriers able to transmit the virus to new patients.
Goldman Sachs has outdone itself this time. That’s saying a...
Transnational organized crime is involved in all forms of illicit trade, from human trafficking networks and tobacco smuggling, to trade of counterfeit goods.
Illicit trade in any of its forms—tobacco, pharmaceuticals,...
The accumulation of bankruptcy cases means that  it sometimes takes about six months just to get  a new insolvency case admitted to court.
India’s revamped bankruptcy process is in full swing and...
The vast majority of US businesses are pass-throughs, including those owned by President Donald Trump.
The US' Congressional Budget Office warned earlier this month...
Swiss Investor Confidence Weakest Since Late 2016
Switzerland’s investor confidence deteriorated further in...
Finland’s Nordea Bank Predicts Growth to Stagnate After 2020
Finnish economic growth is set to keep its strong path this...
Argentina Gets 32 Road Project Bids
Argentina says it received 32 bids for six road projects...
Kenya Growth Slows to 4.9%
Kenya’s economy grew by 4.9% last year from 5.9% in 2016, the...