Danske Says Bank Has Excess Capital to Reward Shareholders
- Bank will review options regarding share buyback at year-end
- Estonian dirty-money case continues to overshadow business
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Danske Bank A/S has built up enough extra capital to commit to dividends and, at the end of this year, will look into the option of resuming share buybacks.
Christian Baltzer, who started as chief financial officer at Denmark’s biggest bank in October, pointed to capital buffers that exceed both regulatory requirements and the bank’s own targets as evidence it can afford to return money to shareholders.