Danske still lagging behind peers on AUM growth

Danske Bank has the lowest AUM increase among the Nordic asset managers who have reported Q2 results. According to the bank's new CEO, Danske's financial scandals are still weighing on customer sentiment.

Danske Bank's CEO Carsten Egeriis says that the bank's scandals are still weighing down costumer sentiment. | Photo: Stine Bidstrup/ERH

Assets under management at Denmark's largest banking group increased by 4.8 percent to DKK 789.1bn (EUR 106.1bn) in the first half of 2021 and by 2.2 percent in the second quarter compared to the first quarter.

This is around half of the growth rates of other Nordic asset managers that have reported Q2 numbers.

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