Danske Bank withdraws from Norwegian retail market

As part of Danske Bank’s new strategy, Forward ’28, Denmark’s largest banking group will sell off its Norwegian personal customer business which has a market share of 6.1%.

Carsten Egeriis, CEO at Danske Bank is presenting the bank's Forward '28 strategy today. | Photo: Pr/danske Bank

by simon lund christiansen and anne louise houmann, translated by christian radich hoffman

Danske Bank will withdraw from the personal customers market in Norway but maintains its presence for business clients and institutional customers.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

ATP urges Danske to improve retail business outside Denmark
For subscribers
Nykredit surpasses Danske Invest on Danish retail fund market
For subscribers
Danske AM wins broad range of mandates to end streak of outflows
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

GENDER BALANCE: It takes time to achieve gender balance "and it must take time. Promotions must be fair," says NBIM CEO Nicolai Tangen. | Photo: Synnøve Prytz Berset

AMNews

Nicolai Tangen is a huge fan of the Women in Finance Charter but stresses that promotions must be fair

The proportion of women at Norway’s oil fund is increasing and more women are staying, but the transition takes time.

For subscribers

Pension

Pension funds abandon dialogues with oil majors and divest shares

For subscribers

Flemming Højbo writes analyses for AMWatch about the Nordic asset and wealth management sector. Højbo was head of communications in the asset management industry for 15 years, and before that, he worked for 25 years as financial and business reporter and editor. | Foto: Jan Bjarke Mindegaard

Fund Management

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

For subscribers

From left: The portfolio managers Joakim By, Christoffer Halldin and Simon Park who were all poached from Handelsbanken Fonder last year to take charge of Coeli's sustainable "Circulus" strategy. | Photo: PR/Coeli

Fund Management

Swedish asset manager kicks off new fund with leading Nordic institution

For subscribers

Hanna Kaskela, senior vice president, sustainability & communications at Varma.

AMNews

More than one third of managers do not report ESG violations to Varma, despite shared values

For subscribers

Danes risk paying too much and getting too poor returns in Danish investment funds if the ratio between costs and returns is not evaluated by the board of directors, says the Danish FSA. | Foto: Thomas Borberg

Fund Management

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

For subscribers

BankInvest to optimize investment processes with new hire
On Oct. 1, Maria Storm Kristensen will join Danish asset management and investment fund provider BankInvest as chief technology officer.
For subscribers
World’s no. 1 stock owner calls out Big Oil as carbon levels go up
The manager of Norway’s gigantic oil fund regularly meets with the biggest emitters in its portfolio, says its chief governance and compliance officer Carine Smith Ihenacho.
For subscribers
Nordics show clear appetite for new asset classes, BlackRock survey reveals
Nearly 70% of Nordic respondents in BlackRock’s survey are looking to invest in clean energy infrastructure, says Jon Valdelin, head of institutional client business for Nordic Region at BlackRock.
For subscribers
28 Nordic investors in new alliance to engage companies on nature risk
The investors have sent out letters to the 100 companies outlining their expectations of how the companies will mitigate nature-related risks. Four Nordic companies feature on the list.
For subscribers
Storebrand growth fund gets new portfolio manager
Tiril Flørnes Støle becomes portfolio manager of one of Storebrand’s most popular growth funds, Storebrand Vekst.
For subscribers
Danish pension fund invests to support female entrepreneurship in Southeast Asia
Southeast Asian women with career ambitions are now eligible to benefit from investments from a Danish pension fund.
For subscribers

Swedish asset manager kicks off new fund with leading Nordic institution

Demand from institutional investors has prompted Coeli to launch a new Article 9 fund focused on US-small cap companies.

For subscribers

Fund Management

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

Investors have increased their focus on biodiversity, though it is a complex area. Could some of the major Nordic investors become frontrunners of such complex problem-solving?

For subscribers

Maria Storm Kristensen is the new chief technology officer at BankInvest. | Photo: PR

People

BankInvest to optimize investment processes with new hire

On Oct. 1, Maria Storm Kristensen will join Danish asset management and investment fund provider BankInvest as chief technology officer.

For subscribers

Fund Management

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

The Danish FSA has investigated seven investment funds with unsatisfactory returns and/or high costs, and the authority now calls for better evaluation from the boards of mutual funds.

For subscribers

AMNews

More than one third of managers do not report ESG violations to Varma, despite shared values

In a fresh survey by Varma, only 62% of fund managers employed by the pensions giant say they would inform the company about violations of ESG principles.

For subscribers

Olivier Van Eyseren, head of BlackRock’s financial institutions group in EMEA, and Jon Valdelin, head of Nordic institutional client business at BlackRock. | Photo: PR BlackRock.

AMNews

Nordics show clear appetite for new asset classes, BlackRock survey reveals

Nearly 70% of Nordic respondents in BlackRock’s survey are looking to invest in clean energy infrastructure, says Jon Valdelin, head of institutional client business for Nordic Region at BlackRock.

For subscribers

Jobs

See all jobs

Danske Bank withdraws from Norwegian retail market

Read the whole article

With your free trial you get:

Get full access for you and your coworkers

Share article

Related articles:

ATP urges Danske to improve retail business outside Denmark

Nykredit surpasses Danske Invest on Danish retail fund market

Danske AM wins broad range of mandates to end streak of outflows

Sign up for our newsletter

Front page now

Nicolai Tangen is a huge fan of the Women in Finance Charter but stresses that promotions must be fair

Pension funds abandon dialogues with oil majors and divest shares

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

Swedish asset manager kicks off new fund with leading Nordic institution

More than one third of managers do not report ESG violations to Varma, despite shared values

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

BankInvest to optimize investment processes with new hire

World’s no. 1 stock owner calls out Big Oil as carbon levels go up

Nordics show clear appetite for new asset classes, BlackRock survey reveals

28 Nordic investors in new alliance to engage companies on nature risk

Storebrand growth fund gets new portfolio manager

Danish pension fund invests to support female entrepreneurship in Southeast Asia

Further reading

Swedish asset manager kicks off new fund with leading Nordic institution

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

BankInvest to optimize investment processes with new hire

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

More than one third of managers do not report ESG violations to Varma, despite shared values

Nordics show clear appetite for new asset classes, BlackRock survey reveals

Jobs