We stand together with the Ukrainian people suffering from the Russian regime's invasion of Ukraine and our thoughts are with all those affected by the war.
The Russian invasion goes against everything Danske Bank stands for, and as a bank and part of the global financial system, we have a key role to play in ensuring that the sanctions imposed on Russia are implemented in a timely and expedient manner. Additionally, we are taking other actions to support people of Ukraine and initiatives to ensure the mental well-being of our employees.
Some of the decisions have already been made by Danske Bank Group:
Sanctions against Russia
Danske Bank have no physical presence in Russia. We do not hold Russian assets in the bank's treasury and will not acquire or invest in such assets.
We have decided to exclude Russian government bonds and Russian state-owned enterprises from our investment portfolios and products. The implementation will be executed in a way and to an extent that is consistent with our fiduciary duty and will among other things be subject to client contracts and mandates, fund boards and other formal approvals as well as our ability to transact in the market place.
In line with our Financial Crime Policy, Danske Bank observes relevant sanctions regimes in all jurisdictions where we operate and to which we are exposed.
We observe United Nations, EU and UK sanctions, as well as US sanctions to the extent they have relevant implications for the Group’s business activities. In addition, we may adopt additional restrictions based on overall financial crime risks. Specifically regarding the EU, US and UK sanctions enacted in response to Russia’s invasion of Ukraine, Danske Bank will comply with the new restrictions.
Donation to Save the Children International organisation
At least 7,5 million children are in danger in Ukraine. To support the humanitarian needs in Ukraine, Danske Bank has made a direct financial contribution to Save the Children’s International humanitarian aid programme for Ukraine.
International fundraising campaign for Red Cross by colleagues
On behalf of Danske Bank employees, we organized an international fundraising campaign for Red Cross humanitarian aid to Ukraine. Colleagues are invited to donate on a completely voluntary basis. We invite you to contribute. You can do it HERE.
Additional paid days for volunteering
People across the organisation are eager to give a helping hand. We have therefore decided to expand our initiative for corporate volunteering to give our colleagues enhanced opportunities to use their working time to do voluntary work to support Ukraine.
Volunteering — is also one of the efficient ways to deal with anxiety.
Lithuanian language courses for Ukrainians @Danske Campus
In cooperation with the EDU Vilnius Education Progress Center, offices in Danske Campus were opened to Ukrainians who want to learn Lithuanian langauge. On weekdays and weekends, groups of ca. 15 Ukrainians study in Danske Bank's offices with volunteer teachers. Read more about the initiative HERE (in lit.).
Laptops donation for Save the Children Lithuania
Together with Microsoft licenses, warranty and some accessories, Danske Bank donated 200 Lenovo ThinkPad laptops to Save the Children Lithuania. They will be distributed to Ukrainian children, so that they can continue their education remotely.
Maintaining the mental well-being of employees
This is an extremely difficult period for our employees as well. We encourage to attend various internally organised lectures, trainings to maintain their well-being, and to use the additional paid days for recharge, healthcare and private health insurance for psychologist counselling or other relevant services.