What does it mean for you as a Danske Bank customer?
The UK formally left the EU on 31 January 2020. There will now be a transition period until 31 December 2020 in which the UK will continue to be subject to EU rules and remain a member of the single market and customs union.
This means that in the short term Brexit will not affect the products and services we provide to customers domiciled or resident in the UK or to customers with products and services in the UK.
What will happen now?
The EU and the UK will now begin negotiations to agree on the details of a future relationship. We await the outcome of these negotiations and currently expect that we will be able to continue to offer products and services in, to and from the UK.
If the political negotiations between the EU and the UK result in changes for our customers, we will do what we can to ensure the best possible solution.
We are currently preparing for this to minimise the impact on our customers, so that we are ready no matter the outcome of the political negotiations.
Should Brexit have implications for you as a customer with us, we will of course contact you as soon as possible.
Is there still a risk of a no-deal Brexit?
If the negotiations between the EU and the UK do not result in an agreement on the future cooperation in the banking sector, there is a risk of a no-deal Brexit scenario in this sector. This, however, would not become a reality until 2021 at the earliest.
We are monitoring the negotiations closely and are preparing for various scenarios to minimise the potential impact on customers.
What activities does Danske Bank have in the UK?
We offer financial products and services, primarily within banking and investments, to customers in the UK via our offices in London and Northern Ireland, as well as through our branches in the Nordic countries and Ireland. We also offer financial services from the UK to customers in the Nordic countries.