Banks in Denmark and Their Services

Denmark has a well-developed banking system with a range of services available to residents and non-residents alike.

The largest banks in Denmark include Danske Bank, Jyske Bank, and Nordea, which offer a variety of services such as personal loans, credit cards, and investments.

You can open a bank account in Denmark with a minimum deposit of around 200-500 DKK, depending on the bank and the type of account.

Banks in Denmark are generally open from 10am to 4pm on weekdays, with some offering extended hours or online services.

Denmark has a well-established banking system with several major players. The largest bank in Denmark is Danske Bank, with total assets of $538.65 billion.

The top 5 banks in Denmark in terms of total assets as of June 30, 2017, are: Danske Bank, Nykredit, Jyske Bank, Nordea Bank Danmark, and Sydbank. These banks have a significant presence in the country and offer a wide range of financial services.

Here's a breakdown of the top 5 banks in Denmark:

Some banks operate countrywide, making it easier for expats and locals alike to manage their finances. These banks include Arbejdernes Landsbank, Danske Bank, Handelsbanken, Nordea Bank Danmark, and Nykredit.

The top banks in Denmark are a mix of big players and smaller, regional banks. The largest bank in Denmark is Danske Bank, with total assets of $538.65 billion.

To give you a better idea of the top 5 banks in Denmark, here is a brief overview of each:

If you're looking for a bank that operates countrywide, you may want to consider one of the following banks:

Nordea Danmark is a subsidiary of Nordea Bank Abp with a strong presence in Denmark. It has over 1.6 million household customers, making it a significant player in the market.

Nordea Danmark offers a range of services to its customers, including mortgage lending through its subsidiary Nordea Kredit Realkreditaktieselskab. This subsidiary provides mortgage services to customers in Denmark.

In 2023, Nordea Danmark's total operating income in the Danish market was EUR 3.1 billion, according to Nordea's financial report. This is a significant revenue stream for the bank.

Nordea Danmark has a significant market share in Denmark, with a domestic market share of 6.01%. This is a testament to the bank's popularity and customer loyalty.

If you're looking for a bank that operates countrywide in Denmark, Nordea Danmark is a good option. It has a wide reach and offers a range of services to its customers.

Here's a list of some of the key facts about Nordea Danmark:

Nykredit and Jyske are two of the largest banks in Denmark, with a strong presence in the country's financial market.

Nykredit is one of the largest banks in Denmark, with a market share of 5.6%, and the largest mortgage bank in the country. It offers a wide range of services, including mortgage credit, financial institutions, and insurance.

Jyske Bank, on the other hand, is the third-largest bank in the Danish market and has 98 branches across the country. It provides financial solutions for individuals and companies, and generated a pre-tax profit of 2951 DKK Million during Q3 2018.

Nykredit Group is the second-largest bank in Denmark in terms of total assets, and also the largest lender in the country with a market share of over 30%.

Nykredit was founded in 1985 through the merger of United Credit Unions and Jyllands Kreditforening.

It is one of the largest banks in Denmark, with a market share of 5.6%. The bank has 43 centers across the country.

In 2018, Nykredit created one of the best results in bank history, with a net profit of 5.7 DKK billion and a return on equity of 7.5% after tax.

Nykredit Group is the second largest bank in Denmark in terms of total assets. It is also the largest lender in the country, with a market share of over 30%.

The company operates through several subsidiaries, including Nykredit Realkredit, Totalkredit, Nykredit Bank, and Nykredit Mægler.

Jyske Bank is a significant player in the Danish banking scene, with a rich history dating back to 1967 when it was founded after merging 4 banks. It has since grown to become the third-largest bank in Denmark.

The bank operates 98 branches across Denmark, offering financial solutions to individuals and companies. Jyske Bank has a strong presence in the country, with a significant number of employees and a robust network of locations.

In 2023, the company's total assets stood at DKK 780 billion, with mortgage loans amounting to DKK 353 billion. This impressive financial standing is a testament to the bank's stability and growth.

Jyske Bank's pre-tax profit in Q3 2018 was a notable DKK 2,951 million, corresponding to a 12% annual return on average equity. This demonstrates the bank's ability to generate strong profits.

The company has a significant workforce, with over 3,900 full-time employees working across its various locations. Jyske Bank provides products and services through 89 locations in Denmark, as well as a branch in Hamburg and subsidiaries in Gibraltar.

Arbejdernes Landsbank is a Danish full-service retail bank established in 1919. It's one of the 10 largest banks in Denmark, with 70 branches across the country.

The bank provides services to private customers and small and medium-sized enterprises. Arbejdernes Landsbank generated a profit of 339 DKK Million before Tax in 2018.

In 2018, the bank added 18,000 new customers, showing its growing popularity. It received the Award of Danes’ preferred bank for the 10th consecutive year by Voxmete.

As of 2018, Arbejdernes Landsbank expected a profit of DKK 275 to 325 Million in 2019. The bank's strong performance has earned it a loyal customer base.

Arbejdernes Landsbank has a significant workforce, with over 1,150 employees. The bank has a strong presence across the nation, with 61 branches.

As of December 31, 2023, Arbejdernes had DKK 117 billion in total assets. This is a testament to the bank's stability and financial health.

Regional Banks in Denmark offer a unique experience for customers. Sydbank is the fourth largest bank in Denmark, established in 1970 through the merger of four banks.

Sydbank focuses on SMEs, Retail Clients, and Private Banking, operating through 62 branches in Denmark with a 6 to 13% market share. In Q3 2018, the bank generated a profit of 963DKK Million, with a return on shareholder’s equity of 11.2% Per annum after tax.

Ringkjøbing Landbobank A/S is a popular Danish bank based on customer reviews, with offices in several cities across central and west Jutland.

Syd is a bank that's been around since 1970, established through the merger of four banks in Denmark. It's the fourth largest bank in Denmark, with a significant presence in the country.

Syd operates through 62 branches in Denmark, offering services to SMEs, Retail Clients, and Private Banking. This extensive network allows the bank to cater to a wide range of customers.

Syd's focus on SMEs, Retail Clients, and Private Banking has helped the bank achieve a market share of 6 to 13% in Denmark. This is a notable achievement for an independent bank like Syd.

In Q3 2018, Syd generated a profit of 963DKK Million, with a return on shareholder's equity of 11.2% per annum after tax. This impressive financial performance is a testament to the bank's stability and growth.

Ringkjøbing Landbo is a regional bank that has made a name for itself in Denmark. It's the most popular Danish bank based on customer reviews.

Landbo has a strong presence in central and west Jutland, with a focus on serving local communities.

The bank has offices in several cities, including Herning, Holstebro, Hvide Sande, Aarhus, Tarm, Viborg, Vildbjerg, Holte, and Vejle.

Landbo's commitment to its customers has earned it a reputation as a trusted and reliable bank in the region.

Sparekassen Kronjylland is headquartered in Randers, Denmark, serving over 135,000 customers with 650 employees.

Its impressive size is matched by its strong financial standing, being one of the best financial institutions in the Danish banking industry based on capital, liquidity, and credit quality.

Founded in 1829, Sparekassen Kronjylland is the oldest savings bank in Denmark, a testament to its enduring presence in the country's financial landscape.

It's worth noting that Sparekassen Kronjylland is the only bank in many small towns, making it a vital part of these communities.

Recently, the bank expanded its reach by opening a new branch in Aalborg, further solidifying its position as a leading regional bank.