Danske Bank Does Attract Attention

By Tom
Updated on

Even Google hates them: Danske Bank A/S (OTCMKTS:DNSKY) (CPH:DANSKE) + news and the result is.

Danske Bank Does Attract Attention

It certainly is rare that an internationally obscure bank – from an even more obscure country the size of Vermont, not even a tax shelter – far from being a tax shelter, gets headlines like this.

More locally their bad excuses department is running out of spin!

Danske Bank Press Release

Back in March the Danske Bank A/S (OTCMKTS:DNSKY) (CPH:DANSKE)’s press department admits:

Quote: ”It is correct that an error on the internet between Danske Bank A/S (OTCMKTS:DNSKY) (CPH:DANSKE) and Nationalbanken [Danish CB]  did not get our clearing-filer,” says Kenni Leth, Chief Press Officer of Danske Bank, to Epn.dk.

Earlier today [i.e. March 27, 2013] the Chief Press Officer was not able to tell “Version2”, which bank caused the files not to arrive on time. The delay influenced the transactions of all Danish banks.

It was a curious unscheduled break down first ascribed to Nordea Bank AB (STO:NDA-SEK) (by me as well – but I can live with it.) Apparently Nordea Bank AB (STO:NDA-SEK) wouldn’t and told somebody the tale.

What is far more interesting to the general is that with respect to the Valuewalk article – again apparently – is:  There seem to be a stricter rule enforced than I had thought. Now it is –apparently – not only at the end of the month Danske Bank A/S (OTCMKTS:DNSKY) (CPH:DANSKE) has to forward the clearing file to the CB; but every single day.

The point Finanstilsynet (the bank inspection) was making has not been ignored by the Danish media – here DR [the official radio station] quotes the paper Børsen on May 23, 2013.

An uncommented version of the bank inspections report.

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