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Danske bank has returned a disappointing result for the Third Quarter of 2013 and has reduced its forecast for 2013 as a whole by a billion kroner. The bank has also announced it is to wind down its private business in Ireland.
“The Q3 result shows some progress, but market conditions are still difficult. In order to remain competitive and provide long-term value for our clients and shareholders, it is necessary to concentrate more on our customers, simplify our operations and considerably increase efficiency,” says CEO Thomas Borgen.
