Danske Bank reserves a provision of 1.9 billion dollars to settle the case of Estonia | app


HELSINKI (AP) — Danish lender Danske Bank said on Thursday it would make a provision of 14 billion Danish kroner ($1.9 billion) in the third quarter for looming fines related to the bank’s involvement in a massive money laundering scandal in the Baltic nation of Estonia.

“Discussions with US and Danish authorities regarding the Estonian case are now at a stage where Danske Bank can reliably estimate the full financial impact of a possible coordinated resolution,” CEO Carsten Egeriis said in the report on bank results.

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