Danske Bank has once again confirmed that it has no intension of disposing of its Irish banking interests. The banking group which owns National Irish Bank in the Republic and Northern Bank in Northern Ireland announced that Mr Ole Andersen has been appointed its new Chairman succeeding Eivind Kolding who will take over as the group’s new Chief Executive in February.
National Irish Bank reported a loss of €600m for the first nine months of this year but Mr Anderson said Danske had a strategy in place to deal with this situation. He confirmed that this did not include the sale of its Irish units whose losses have impacted on the group’s recent results.
Danske Bank Group (Danske) is the largest bank in Denmark and a major player in the Northern European financial markets. Total Group assets at the end of June this year were €420bn.
Danske’s customer base includes personal, business and corporate customers where it operates in mortgage finance, insurance, leasing and asset management.
It has a market capitalisation of €12bn and a total tier 1 capital ratio of 16.6%
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