Danske Bank AS (OTCPK:DNKEY)
$ 14.04 0.03 (0.21%) Market Cap: 23.41 Bil Enterprise Value: 135.53 Bil PE Ratio: 7.06 PB Ratio: 0.93 GF Score: 61/100

Q2 2019 Danske Bank A/S Earnings Call Transcript

Jul 18, 2019 / 11:00AM GMT
Release Date Price: $7.66 (+0.52%)
Chris F. H. H. Vogelzang;S;CEO;Member of Executive Board
Danske Bank A

/-&

Hello, and welcome to the presentation of Danske Bank's financial results for the first half of 2019. And thank you all for taking the time to listen in on this call today. My name is Chris Vogelzang. And with me today, I have our CFO, Christian Baltzer; and our Head of Investor Relations, Claus Ingar Jensen. I would like to open this call in my role as the incoming CEO of Danske Bank. This is my sixth week at Danske Bank, and I've spent a few -- past few weeks meeting numerous customers, the team, the Danish public, authorities and other key stakeholders. The objective of those weeks has been to listen to all of them to get their perspectives and hear their concerns. You will, hopefully, appreciate that 6 weeks is a very short time.

However, I want to share a few very preliminary observations. I found Danske Bank to be a solid bank with long-standing customer relationships, a largely good portfolio of businesses, a strong balance sheet and funding profile and compared

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