Danske Bank Jyske Bank Nykredit Bank Nordea Bank Danmark
Danske Bank Jyske Bank Nykredit Bank Nordea Bank Danmark

The Danish banking system is among the best capitalized in Europe. There are approximately 70 commercial and retail banks, credit co-operatives and savings banks in the country.

Alm. Brand A/S – A Danish financial group offering insurance, banking and investment services. The company is one of the largest non-life insurers in Denmark with over 500,000 customers and total gross premiums of DKK 6.3 billion.

Arbejdernes Landsbank – One of the top 10 banks in Denmark with about 270,000 customers. The company has total assets of US$7.2 billion and total deposits (including savings in pooled schemes) of US$5.3 billion.

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. The Bank's market capitalization was US$35 billion as of December 1, 2017.

FIH Erhvervsbank provided financial solutions to Danish corporates. In 2014, FIH sold its lending business to Spar Nord and Nykredit. Currently, FIH A/S is under liquidation.

Jyske Bank – The third largest bank in Denmark with total assets of DKK 585 billion. It is also the largest bank to be headquartered outside Copenhagen. It has had strong strategic focus on mortgage lending. Jyske Bank operates in Denmark, Germany, France and Gibraltar.

Nordea Bank Danmark (formerly Unibank) – One of the largest banks in Denmark with 340 branches nationwide. NDB is a subsidiary of Sweden-based Nordea Group, the largest financial services provider in Northern Europe with total assets of EUR 616 billion and market capitalization of US$49 billion (November 1, 2017).

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.

Rank Bank Total Assets, DKK b (06/2017) Total Assets, DKK b (12/2016)
1 Danske Bank 3,572.72 3,483.67
2 Nykredit      1,379.70 1,400.61
4 Jyske Bank 579.856 586.703
3 Nordea Bank Danmark n/a 478.772
5 Sydbank    140.071 146.686