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 3.8 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 an ongoing total tier 1 capital ratio of at least 13.0% which was acheived at the end of 2012. In the first quarter of 2014, the Group has assets of €444bn.
Danske has attained a long term 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 in Ireland, 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 5% in both Sweden and Norway in 2014, 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 also 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.
Read more about Danske Bank Group's financial background and annual results .