Danske Bank

Danske Bank A/S

Type	Publicly traded Aktieselskab (Nasdaq Copenhagen: DANSKE)
Industry	Financial services
Founded	1871
Headquarters	Copenhagen, Denmark
Key people	Ole Andersen (Chairman), Thomas F. Borgen (CEO)
Products	Banking, insurance, investment management
Revenue	DKK 43.866 billion (2014)[1]
Profit	DKK 3.846 billion (2014)[1]
Total assets	DKK 3453.0 billion (end 2014)[1]
Total equity	DKK 147.4 billion (end 2014)[1]
Number of employees	18,478 (FTE, end 2014)[1]
Website	www.danskebank.com

Danske Bank is a Danish bank whose name also literally translates into "Danish Bank". It was founded 5 October 1871 as Den Danske Landmandsbank, Hypothek- og Vexelbank i Kjøbenhavn (The Danish Farmers' Bank, Mortgage and Exchange Bank of Copenhagen). Headquartered in Copenhagen, it is the largest bank in Denmark and a major retail bank in the northern European region with over 5 million retail customers.^[2] Danske Bank was number 454 on the Fortune Global 500 list for 2011.^[3]

Operations

Danske Bank's headquarters in Kongens Nytorv in Copenhagen.

The Danske Bank group operates a number of local banks around the Nordic Region as well as across Ireland.^[4]

Baltics

The Danske Bank branches in Baltic states (Estonia, Latvia and Lithuania) began operating in 2008 after Finnish Sampo Bank was acquired by Danske Bank Group in 2007 for €4.05 billion.

Lithuania's Danske Bank headquarters in Vilnius in Lithuania

Finland

Danske Bank, formerly Sampo Bank, is Danske Bank's Finnish operations. Sampo Bank was acquired by the Danske Bank Group in 2007. Sampo Bank traces its origins back to 1887, Originally the Finnish state-owned Post and Savings Bank, which accepted deposits from the public at its post offices. In 1999, the state-owned bank was merged with Sampo PLC's insurance business to form the Sampo Group. The banking unit was later acquired by Danske Bank in 2007, while the Sampo Group retained the insurance business.^[5]

A Sampo bank in Tapiola in Finland

Ireland

Northern Ireland

Danske Bank's Northern Irish subsidiary was founded as the Northern Banking Partnership in Belfast in 1809. It became Northern Bank in 1970, after merging with the Belfast Banking Company. Northern Bank was one of the Big Four banks in Ireland.^[6] Danske Bank (Mark Robinson) bought the bank from National Australia Bank in December 2004, and Northern Bank continued to operate under its own name until it took on the name of its parent company as its trading name in November 2012.^[7] The bank is considered one of the leading retail banks in Northern Ireland with 82 branches and four finance centres.^[8] Danske Bank is one of the four commercial banks in Northern Ireland which are permitted to issue their own banknotes.^[9]

Republic of Ireland

Danske Bank's Irish subsidiary was formerly known as the National Irish Bank, and was originally the Republic of Ireland branch network of Northern Bank, one of the oldest banks in Ireland (dating back to 1824). National Irish Bank was created as a separate entity in 1986, at first under the name Northern Bank (Ireland) Limited, when its then owners, UK-based Midland Bank, separated Northern Bank's operations in the Republic of Ireland from its Northern Ireland business.

In 1987, both banks were acquired by National Australia Bank (along with Midland Bank's Scottish subsidiary, Clydesdale Bank). In 1988 the Republic of Ireland operation was renamed National Irish Bank Limited whilst Northern Bank Limited remained the name of the Northern Ireland operation. Nonetheless, a single management team continued to run both banks, which shared many services and back office functions. During this era, the logo of the National Irish Bank was that of the National Australia Bank (at the time), except that the red star had been recoloured green, and "Irish Bank" was added alongside the word "National". The original Northern Bank (Ireland) logo had been the Midland Bank griffin.

On 10 May 2012, Danske Bank announced that Northern Bank and National Irish Bank would be merged on 1 June 2012, under the Northern Bank management team and the Danske Bank name, effectively reversing the separation between the two. The rebrand was completed on 18 November 2012.^[10] At the time the bank closed its 27 branches to focus on corporate and private clients.

On 31 October 2013 Danske Bank announced it would be withdrawing all personal banking services in the Irish Republic on a phased basis in the first half of 2014.^[11]

India

Danske Bank has set up its own captive technology centre in India called Danske IT and Support Services India Pvt Ltd.^[12]

References

External links

• Danske Bank corporate website
• Yahoo Finance

OMX Copenhagen 20 companies of Denmark (March 2016)
A.P. Møller-Mærsk Carlsberg Chr. Hansen Coloplast Danske Bank DSV FLSmidth & Co. Genmab GN Store Nord ISS Jyske Bank Nordea Novo Nordisk Novozymes Pandora TDC Tryg Vestas Wind Systems William Demant

Members of Euro Banking Association
Austria	Allgemeine Sparkasse Oberosterreich Bank für Tirol und Vorarlberg AG BKS Bank AG Erste Group Bank AG Oberbank AG Oesterreichische Nationalbank Raiffeisen Bank International AG Raiffeisenlandesbank Oberösterreich AG Raiffeisen-Landesbank Tirol AG Steiermärkische Bank und Sparkassen AG
Belgium	Dexia Bank NV KBC Bank NV Bank van De Post
Cyprus	Bank of Cyprus Hellenic Bank
Denmark	Amagerbanken A/S Arbejdernes Landsbank A/S Danske Andelskassers Bank A/S Danske Bank A/S DiBa Bank A/S Djurslands Bank A/S Jyske Bank A/S Nordjyske Bank A/S Nørresundby Bank Østjydsk Bank A/S Ringkøbing Landbobank Roskilde Bank A/S Skjern Bank Spar Nord Bank Sparekassen Sjælland Sydbank A/S Vestfyns Bank A/S Vestjysk Bank
Finland	Aktia Bank PLC Bank of Åland PLC Pohjola Bank PLC S-Bank LTD. Tapiola Bank LTD
France	Banque Michel Inchauspé - BAMI Banque Palatine BNP Paribas SA BPCE BRED Banque Populaire Crédit Agricole SA Crédit Coopératif Crédit du Nord Crédit Mutuel Arkéa Credit Mutuel CIC Banque HSBC France La Banque postale Natixis Société Générale
Germany	Berenberg Bank BHF Bank Bremer Landesbank Commerzbank AG Deutsche Bank AG Deutsche Bundesbank Deutsche Postbank DZ Bank AG Europe Arab Bank Frankfurt Hamburger Sparkasse AG J.P. Morgan Chase Bank AG Landesbank Baden-Württemberg Landesbank Berlin Holding Landesbank Hessen-Thüringen Oldenburgische Landesbank SECB Swiss EURO CLEARING Bank GmbH The Bank of New York Mellon, Frankfurt Branch VTB Bank (Deutschland) AG
Greece	Alpha Bank SA Eurobank Ergasias SA National Bank of Greece SA Piraeus Bank SA
Hungary	Budapest Bank CIB Bank Erste Bank FHB Mortgage Bank Hanwha Bank Hungarian Development Bank Hungarian National Bank K&H Bank MagNet Bank MKB Bank OTP Bank Raiffeisen Bank Sberbank Europe Group TakarékBank UniCredit
Ireland	Allied Irish Banks Bank of Ireland
Italy	Banca del Fucino Banca Monte dei Paschi di Siena Banca Nazionale del Lavoro Banca Popolare del Lazio Banca Popolare di Sondrio Banca Sella Banco BPM BPER Banca Cassa di Risparmio di Cesena Cassa di Risparmio di Fermo Cassa di Risparmio di Ravenna Banca di Imola Credito Emiliano Credito Valtellinese ICCREA Banca Intesa Sanpaolo Istituto Centrale delle Banche Popolari Italiane Raiffeisen Landesbank Südtirol UBI Banca UniCredit
Luxembourg	Banque et Caisse d'Épargne de l'État Banque Raiffeisen Banque Internationale à Luxembourg SA KBL European Private Bankers Société Générale Bank & Trust
Netherlands	ABN Amro Bank NV De Nederlandsche Bank ING Bank NV Rabobank Nederland
Poland	Bank BPH SA Narodowy Bank Polski
Portugal	Banco BPI SA Banco Comercial Português Crédito Agrícola Caixa Geral de Depósitos Novo Banco
Slovenia	Banka Slovenije
Spain	Banco Bilbao Vizcaya Argentaria, S.A. Banco Popular Español, S.A. Banco Sabadell, S.A. Bankinter, S.A. Banco Santander, S.A. CaixaBank, S.A. (La Caixa) Catalunya Banc, S.A. (CatalunyaCaixa) Kutxabank, S.A. ABANCA Corporación Bancaria, S.A. (Abanca) Caja Laboral Popular, Cooperativa de Crédito (Caja Laboral) Banco Cooperativo Español, S.A. (Caja Rural) CECABANK, S.A.
Sweden	Skandinaviska Enskilda Banken Svenska Handelsbanken Swedbank AB Nordea Bank AB
United Kingdom	Bank of Tokyo-Mitsubishi UFJ Ltd. Barclays Bank PLC Citibank NA DNB Bank (NOR) HSBC Bank PLC JPMorgan Chase Bank, N.A., London Branch Kookmin Bank International Ltd. Lloyds Bank PLC MashreqBank psc (UAE) Royal Bank of Scotland PLC UBS AG Wells Fargo Bank NA
Non-EU	Bank of China (CHN)