Danske Bank Totally Explained

Everything about Danske Bank totally explained

Danske Bank is a 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).
Danske Bank has long been one of the largest banks in Denmark, roughly 30 percent market share, but after the acquisition of BG Bank now hold over 51 percent. Since the mid-1990s it has been expanding its operations outside of the country. In Norway it's known as Fokus Bank and in Sweden under a variety of brand names, including Östgöta Enskilda Bank. The reasons for this expansion are rooted in the increasing deregulation and internationalization of the banking sector. The Group was created out of several mergers, the first in 1990 with rivals Handelsbanken (Not afiliated with present day Handelsbanken) and Provinsbanken. That was followed by the acquisition of Danica in 1995 (renamed Danica Pension) in 1999, and a merger with BG Bank and Realkredit Danmark in 2001. 2005 saw the purchase of Northern Bank in Northern Ireland and National Irish Bank in the Republic of Ireland from the National Australia Bank, the Group's first retail operations outside Scandinavia. In 2006, Danske Bank bought the banking operations of the Finnish financial services group Sampo, which included retail banks in Finland, Latvia, Lithuania and Estonia, along with a corporate entity in Russia. The Group also maintains corporate service branches in Hamburg, Poland and London, and an outpost serving high net worth clients in Luxembourg.
Danske runs all of its operations on a single IT platform, a competitive advantage since customers can quickly transfer money between a number of countries with minimal fees.

Local Operations

The Danske Bank group operates a number of local banks around the Nordic Region as well as in Northern Ireland and the Republic of Ireland, Outlined below are countries where the Danske Bank group runs retail operations
Danske Bank

Branches: 592
Employees: 14.000
Customers: ?
Market Position: 1
Market Share: 50.1%

Fokus Bank

Branches: 55

Employees: 1100

Customers: 225.000

Market Position: 4

Market Share: 5% (retail) 8% (corporate) Östgöta Enskilda Bank Trading as:

Östgöta Enskilda Bank

Bohusbanken

Gävleborgs Provinsbank

Hallands Provinsbank

Närkes Provinsbank

Skånes Provinsbank

Smålandsbanken

Sundsvallsbanken

Sörmlands Provinsbank

Upplandsbanken

Värmlands Provinsbank

Västmanlands Provinsbank

Älvsborgs Provinsbank

Branches: 58

Employees: 1200

Customers: ?

Market Position: 5

Market Share: 7% Sampo Bank

Branches: 125

Employees: 3475

Customers: 1.2 mio

Market Position: 3 private- & 2 corporate customers

Market Share: 15% private- & 20% corporate business Sampo Bank

Branches: 17

Employees: 593

Customers: 141.000

Market Position: 3

Market Share: 9% Sampo Bank

Branches: 3

Employees: 61

Customers: 5.600

Market Position: 18

Market Share: N/A Sampo Bank

Branches: 17

Employees: 433

Customers: 85.560

Market Position: 4

Market Share: 7,1% National Irish Bank

Branches: 59

Employees: 720

Customers:167.000

Market Position: 5

Market Share: 4% Northern Bank

Branches: 95

Employees: 1845

Customers: 415.000

Market Position: 1-2 (in Northern Ireland)

Market Share: 20% (in Northern Ireland)Further Information

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