A Clear Strategic Focus Will Support Structurally Higher Profitability at Danske
Danske has been through a tumultuous decade, which saw it settle a $2 billion lawsuit with the US Department of Justice, leave the Baltic countries, refocus on the Nordics, and reduce its exposure to oil and gas borrowers. Now, the bank is finding its footing again, supported by a clear strategic focus. As a result, profitability has increased, despite inflated costs due to higher expenses related to improved anti-money-laundering processes.