Banks in Denmark

The banking system in Denmark is among the best capitalized in Europe and includes commercial banks, retail banks, credit co-operatives and savings banks.

Alm. Brand A/S – A Danish non-life insurance group and one of the largest non-life insurers in Denmark. It sold its banking arm, Alm. Brand Bank, to Sydbank and no longer offers banking services.

Arbejdernes Landsbank – A Danish retail bank founded in 1919. Following approval by the Danish Financial Supervisory Authority on 5 December 2025, it merged with Sydbank and Vestjysk Bank, and the combined bank trades as AL Sydbank.

BankNordik (formerly known as Føroya Banki) – A banking and insurance group. It provides a wide suite of financial products and services to over 150,000 retail and corporate customers through 5 branches on the Faroe Islands, 19 branches in Denmark and one branch in Greenland.

Danske Andelskassers Bank (DAB) – A full service bank with over 115,000 customers and about 40 branches in Jutland and on Funen. It serves private customers, SMEs and institutional customers. The company was founded in 1969 and is headquartered in Hammershoj, Denmark.

Danske Bank – The largest bank in Denmark and one of the leading financial enterprises in the Nordic region with over 250 branches and 2.7 million customers.

FIH Erhvervsbank was a corporate bank that provided financial solutions to Danish corporates. In 2014, FIH sold its lending business to Spar Nord and Nykredit.

Jyske Bank – One of the largest banks in Denmark, offering banking and mortgage lending, with operations in Denmark and Germany.

Nordea Danmark (formerly Unibank, later Nordea Bank Danmark A/S) – One of the largest banks in Denmark. Nordea has converted its Nordic subsidiaries into branches of the parent company, and the Danish business operates as Nordea Danmark, Filial af Nordea Bank Abp, Finland (CVR 25992180), a branch of the Finland-domiciled Nordea Bank Abp.

Nordjyske Bank – A regional Danish bank offering lending and deposit services, insurance and pension products as well as asset management to private and business customers. Nordjyske is an independent bank primarily owned by shareholders who are also customers in the bank.

Norresundby Bank – A regional bank focusing on private households and small and medium-sized corporations. It operates 17 branches in Aalborg, Broenderslev, Hjallerup, Noerresundby, Nibe, Vadum, Vestbjerg, Vodskov and Aabybro. In April 2015, Nørresundby Bank merged with Nordjyske Bank.

Nykredit – The market leader in mortgage lending with a market share of over 43%. Nykredit is one of largest bond issuers in Europe.

Ringkjøbing Landbobank – A full-service regional bank with about 20 branches in West Jutland. The Bank’s main shareholder is ATP, the largest pension fund in Denmark and among the largest in Europe. The company was established in 1886 and is based in Ringkobing, Denmark.

Saxo Bank – A global online investment bank. The company’s core business is online trading in financial instruments for private and institutional clients. It also offers private banking services.

Sparbank A/S was a regional bank with 25 branches in central and western Jutland, Mors, Aarhus and Copenhagen. It was acquired by Spar Nord Bank A/S in 2012.

Sparekassen Kronjylland is among Denmark's ten largest banks in terms of equity. With headquarters in Randers, it employs 650 people and serves more than 135,000 customers.

Sparekassen Lolland A/S – A regional bank operating on the islands of Zealand, Lolland and Falster. Jyske Bank A/S, Denmark's second largest bank, acquired Sparekassen Lolland in 2013. The take over included 46,000 customers of Sparekassen Lolland's branches and 70,000 customers of online bank FinansNetbanken.

Sparekassen Sjælland – The oldest savings bank founded in 1825. Headquartered in Holbæk, it is the 10th largest bank in Denmark with over 400 employees and 27 branches. In October 2011, Sparekassen Sjælland acquired the healthy parts of Max Bank including nine branches and 35,000 customers with deposits of DKK 3.8 billion.

Spar Nord Bank – A full-service commercial bank comprising 71 local banks with about 1,500 employees and over 255,000 customers. It was founded in 1824 and is headquartered in Aalborg, North Jutland.  At the end of September 2016, the company had total assets of DKK 78.957 billion, loans of DKK 39.7 billion and deposits of DKK 60.9 billion.

Sydbank – The fifth largest bank in Denmark with market share of 5-8%. It has over 100 branches in Denmark and five branches in Germany.

Vestjysk Bank – A full-service Danish bank with 120,000 retail and corporate customers. Based in Lemvig, it is one the largest regional banks in Denmark with 23 branches in Jutland and one on Funen, the third-largest island of Denmark.

Top 5 Banks in Denmark

Following are the largest banks in Denmark in terms of total assets as of June 30, 2017.