Danske Bank on Wednesday raised its long-term earnings target and said it plans to divest its Norwegian retail business as part of a strategy to catch up with more profitable Nordic rivals.
As part of its new strategy, Danske announced it would exit the Norwegian retail customer market to focus on large businesses in the Nordic country instead. The process of finding a new owner was "well-progressed," it said.
Danske also said it would double investments into the strategic development of the bank, including digital platforms, expert advisory services and sustainability.
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