Finance
Danske Bank to Distribute Record Profit as Earnings Climb
- Bank said it will buy back 5 billion kroner of its own shares
- Danske sees 2025 net income of as much as 23 billion kroner
Danske Bank A/S chief executive officer Carsten Egeriis launched a new buyback program and pledged to pay out the lender’s entire profits for this year as he seeks to draw a line under a period of poor investor returns once and for all.
“We’ve had a few years where we didn’t pay out and distribute dividends,” Egeriis said in a Bloomberg TV interview on Friday as he presented fourth-quarter earnings. “Given our strong capital position today, we do expect to be able to distribute a 100% of in-year earnings.”