Posts tagged as Danske Bank Estonia

Danske Bank’s Estonian branch enters into liquidation

Tuesday, October 1, 2019

The Estonian branch of Danske Bank on Tuesday entered into liquidation and has presently essentially exited its banking activities, reported LETA/BNS. In February 2019, the Estonian Financial Supervision Authority issued a precept prohibiting Danske Bank from operating in Estonia as a result of the case concerning the bank’s non-resident portfolio in Estonia in the period from 2007 to 2015, Danske Bank said. In this connection, Danske Bank’s branch in Estonia…

29 billion USD transferred through Danske Bank Estonia in one year

Tuesday, September 4, 2018

An investigation ordered by Danske Bank and seen by Financial Times is said to have found that close to 30 billion USD have been transferred via the Estonian branch of the bank in one year from Russian and other post-Soviet countries. Estonian public broadcaster ERR reported on Tuesday, September 4, that Financial Times has seen a draft report commissioned by Danske Bank and prepared by consultants Promontory Financial about transactions…