The Danske Bank Group is a strong Nordic financial services provider.
In Scandinavia, our core activity is retail banking. We also provide asset management, investment, pension, mortgage finance, insurance, real estate agency and leasing services.
We have around 5 million personal customers and hold a significant share of the business, institutional and public-sector segments. A powerful central IT platform makes the Group particularly efficient at banking business spanning various countries and brands.
Danske is well capitalised, with total tier 1 capital ratio of 16.0% at the 31st of December, 2011. The Group had assets of €460bn at the 31st of December, 2011.
Danske has attained an A- rating from Standard & Poor’s, a Baa1 rating from Moody's and an A rating from Fitch Ratings. As a branch of Danske Bank, we also benefits from these strong ratings.
Growth of Danske Bank Group
Danske’s head office is located in Denmark, where the bank leads the market with approximately one third of the banking, mortgage finance and life insurance business.
The Group achieved this leading position through a number of mergers and acquisitions: a merger with Kjøbenhavns Handelsbank and Provinsbanken in 1990; the acquisition of Danica Pension in 1995; and a merger with BG Bank and Realkredit Danmark in 2000.
Danske has achieved market share of 6% in both Sweden and Norway, through a combination of organic growth and acquisition: the acquisition of Östgöta Enskilda Bank in Sweden in 1997 and of Fokus Bank in Norway in 1999.
Danske Bank Group acquired National Irish Bank and Northern Bank in 2005.
In 2006, Danske Bank Group further expanded through the acquisition of Sampo Bank, the third-largest bank in Finland. The acquisition also included activities in Estonia, Lithuania, Latvia as well as operations in Russia.
Financial Background - Danske Bank Group’s financial accounts include the following key figures (at 31st December, 2011):
- Total assets: €460bn
- Market Capitalisation: €11.8bn
- Total tier 1 capital ratio: 16.0%
Read more about Danske Bank Group.