Understanding Jyske Bank Business Description and Operations

Jyske Bank is a Danish bank that has been in operation since 1823, making it one of the oldest banks in Denmark. It was founded by a group of merchants who wanted to provide a safe and reliable way for people to save and borrow money.

The bank's headquarters are located in Silkeborg, Denmark, and it has a strong presence in the country's financial sector. Jyske Bank offers a wide range of financial services, including personal and business banking, investment products, and insurance.

Jyske Bank's business model is built around providing personalized service to its customers, with a focus on long-term relationships and trust. The bank's employees are known for their expertise and commitment to helping customers achieve their financial goals.

Jyske Bank is a Danish bank that has been around since 1823, making it one of the oldest banks in Denmark.

The bank was originally founded as a savings bank, and over the years, it has grown to become one of the largest banks in Denmark, with a strong presence in the country's financial market.

Jyske Bank offers a wide range of financial services, including personal banking, corporate banking, and investment services, making it a one-stop-shop for all financial needs.

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Sales Geography is a crucial aspect of any company's success, and Jyske Bank A/S is no exception. The bank's sales geography is a tale of two countries, with Denmark being the clear winner.

Denmark accounted for a significant portion of Jyske Bank A/S's sales, with a total of 12.16B in 2020, 12.39B in 2021, 15.26B in 2022, 28.95B in 2023, and 29.93B in 2024.

In contrast, Germany's sales were relatively small, with a total of 14M in 2020, 20M in 2021, 15M in 2022, 19M in 2023, and 25M in 2024.

Here's a breakdown of Jyske Bank A/S's sales geography:

Gibraltar, another country where Jyske Bank A/S operates, had relatively small sales, with 28M in 2020 and - (no data available) for the following years.

Jyske Bank operates through a network of more than 170 branches across Denmark.

The bank's structure is based on a decentralized model, where local branches have a high degree of autonomy to make decisions and serve their respective communities.

Jyske Bank's decentralized approach allows it to be more agile and responsive to local market conditions and customer needs.

Jyske Bank has a rich history that dates back to the mid-19th Century. The bank was formed in 1967 through the merger of four banks from the mid-Jutland area.

Jyske Bank's roots go back to the mid-19th Century, with the original banks tracing their history back to that time.

Here's a brief overview of some of the key acquisitions that helped shape Jyske Bank's national coverage:

Jyske Bank has continued to grow and expand its reach through strategic acquisitions, ultimately becoming the bank it is today.

Jyske Bank has a significant presence in international markets. It established a subsidiary in Zurich, Switzerland in 1981, after merging with Finansbanken.

This subsidiary is the oldest Scandinavian-owned bank in Switzerland. Jyske Bank upgraded its office in London to a branch in 1986, three years after establishing it in 1983.

The bank also expanded its presence in Spain with a representative office in Fuengirola on the Costa del Sol in 1984. However, this office was converted back to a representative office in 1988.

Jyske Bank acquired several international banks, including Banco Galliano in Gibraltar in 1987, and Hamburger Handelsbank in Hamburg in the same year. This gave the bank a branch in Hamburg.

The bank's international operations continued to evolve, with the establishment of a representative office in Poland in 2004 for private banking purposes. Jyske Bank also acquired a 60% stake in Berben's Effectenkantoor in the Netherlands in the same year.

Here is a list of Jyske Bank's international subsidiaries and branches:

Jyske Bank has been streamlining its international operations in recent years, closing its branch in London in 2008 and its subsidiary in Gibraltar in 2020.

The Jyske Bank A/S has a well-structured management team.

Kurt Bligaard Pedersen serves as the Chairman, a position he has held since 2020-06-15. He is 66 years old.

The bank's Chief Executive Officer is Lars Stensgaard Mørch, who has been in the role since 2023-10-31. He is 52 years old.

The bank's Board of Directors consists of several experienced members, including Keld Norup, who has been a Director since 2006-12-31, and Marianne Lillevang Jensen, who has been a Director since 2005-12-31.

Here is a list of some of the key Directors and their titles:

The bank's management team is comprised of experienced professionals who have been in their roles for several years.

Jyske Bank offers a wide range of banking products to suit different needs.

Their savings and loans products allow customers to manage their finances effectively.

You can also get a mortgage or private banking services to take care of your financial goals.

Business banking services are available for entrepreneurs and companies.

Jyske Bank's valuation is substantial, with a capitalization of up to 53.38 billion.

The P/E ratio for 2025 is 8.44x, indicating the stock's price is 8.44 times its earnings. For 2026, the P/E ratio is expected to decrease to 8.2x.

The enterprise value of Jyske Bank has varied between 435 billion and 53.38 billion. The EV/Sales ratio for 2025 is 2.81x, while for 2026 it's expected to be 2.83x.

The free-float of Jyske Bank's shares is 75.08%, indicating a significant portion of the company is available for public trading.

Jyske Bank has launched a new strategy to become an even better bank for its customers. This includes a focus on customer orientation and efficiency.

The bank aims to achieve a return on tangible equity of 10% by 2028, based on a cost/income ratio below 50 and a normalised cost of risk of 8bp p.a. This is a significant goal, reflecting the bank's ambition to mitigate the impact of lower interest rates.

Jyske Bank has set up its organisation to strengthen customer orientation throughout the value chain and channel efforts and resources efficiently to benefit customers and contribute to profitability. This is a key part of the bank's strategy to achieve its financial targets.

The bank expects the Danish economy to be dominated by lower interest rates and balanced growth with high levels of employment and moderate inflation in the coming years. This will likely have a significant impact on the bank's financial performance.

Jyske Bank plans to achieve its financial targets through stronger customer-orientation, focus on capital-light income, and structural cost measures. The bank will also continue to invest in new technology and increase efficiency to drive growth.

The bank's financial targets are ambitious and reflect the uncertainty of the macroeconomic environment. However, Jyske Bank is confident in its ability to achieve its goals through a combination of strategy and execution.

In the realm of financial performance, one key aspect to consider is sales by activity. Jyske Bank A/S has seen significant growth in this area, with banking activities reaching 4.99 billion in 2020.

The bank's focus on banking activities has led to a substantial increase in revenue, with sales reaching 6.43 billion in 2021 and 6.8 billion in 2022.

Mortgage activities have also been a major contributor to the bank's sales, with 1.51 billion in 2020 and 2.14 billion in 2022.

Here's a breakdown of the bank's sales by activity over the years:

The bank's leasing activities have also seen growth, but at a slower pace, with 514 million in 2020 and 780 million in 2022.

Jyske Bank A/S has a significant market capitalization, with values ranging from 3.95B to 53.38B.

The P/E ratio for Jyske Bank A/S is expected to be around 8.44x in 2025 and 8.2x in 2026.

Enterprise value for the bank also varies, ranging from 435B to 53.38B.

The EV/Sales ratio is expected to be around 2.81x in 2025 and 2.83x in 2026.

The free-float for Jyske Bank A/S is around 75.08%, indicating a relatively stable market.

The yield for the bank is expected to be around 3.91% in 2025 and 3.88% in 2026.

Jyske Bank has been involved in some controversies. The bank was mentioned in the Panama Papers, which is a significant scandal.

The bank was used by Sergei Pugachev for money laundering, a serious financial crime. This is a major concern for anyone considering banking with Jyske.

In 2018, the Danish FSA criticized the bank for not doing enough to prevent money laundering. This lack of oversight raises questions about the bank's commitment to financial integrity.

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The Jyske Bank A/S Board of Directors is comprised of seven members, with a mix of ages and backgrounds.

Kurt Bligaard Pedersen, the Chairman, has been in the role since 2020-06-15. He is 66 years old.

The Board also includes Rina Asmussen, who has been a Director/Board Member since 2014-05-04 and is 66 years old.

Another notable member is Michael C. Mariegaard, who joined the Board in 2022-03-21 and is 55 years old.

Here is a list of the Board members' ages and tenure:

The Board has a good balance of younger and older members, with Michael C. Mariegaard being the youngest at 55, and Rina Asmussen and Kurt Bligaard Pedersen being the oldest at 66.

Jyske Bank has been involved in some significant controversies.

The bank was mentioned in the Panama Papers, a major leak of financial documents that exposed widespread tax evasion and money laundering.

Sergei Pugachev, a Russian businessman, used Jyske Bank for money laundering.

In 2018, the Danish Financial Supervisory Authority criticized the bank for not doing enough to prevent money laundering.

Jyske Bank has a diverse group of shareholders. BRFfonden A/S holds the largest stake in the bank, with 28.1% of the equities.

Jyske Bank's ownership structure includes several notable shareholders. The bank's own holding, JYSKE BANK A/S, owns 3.03% of the equities.

Here's a breakdown of the top shareholders in Jyske Bank:

The remaining shareholders, including Nordea Investment Management AB and Danske Bank A/S (Investment Management), hold smaller stakes in the bank.

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Jyske Bank A/S is a significant shareholder in itself, holding a 3.03% stake in the company.

The bank's own holdings are substantial, with 1,947,476 equities valued at $141.3 million.

Here are the key shareholders of Jyske Bank A/S:

JYSKE BANK A/S has a significant presence among its shareholders, holding a substantial number of equities.

Jyske Bank A/S has several group companies that operate in different sectors. Jyske Finans A/S provides insurance and related services, including car finance and equipment financing for businesses.

The company is headquartered in Silkeborg, Denmark. Jyske Finans A/S also offers financial and operational leasing services.

Jyske Bank (Gibraltar) Ltd. provides banking services, including deposit products, home loans, and mortgage solutions. The company is headquartered in Gibraltar.

Jyske Invest Fund Management A/S is an independent Danish asset management firm that manages mutual funds, hedge funds, and fund of funds. The firm was established in 1988 and is based in Silkeborg.

Jyske Realkredit A/S operates as a mortgage credit institution, offering loans secured by collateral for residential and corporate purposes. The company was founded in 1797 and is headquartered in Kongens Lyngby, Denmark.

Here are the group companies of Jyske Bank A/S:

These group companies demonstrate the diversity of Jyske Bank A/S's business operations.

Niels Erik Jakobsen, the Managing Director of Jyske Bank, has decided to retire in the second quarter of 2025 after nearly 38 years with the bank.

He joined the Group Executive Board in 2009 and has been in charge of various areas, including finance and investment. Kurt Bligaard Pedersen, Chairman of the Supervisory Board, praises Niels Erik Jakobsen for his significant contributions to Jyske Bank's development.

Jyske Bank is a Danish bank with a rich history, founded in 1795. It has subsidiaries such as Jyske Realkredit and Jyske Finans, and is also involved in other financial institutions like BankInvest and Letpension.

The Supervisory Board has initiated a process to find Niels Erik Jakobsen's successor at the Group Executive Board.

Jyske Bank has received updates from various banks, including Barclays, Carnegie, UBS, and Danske Bank. These updates include changes to their target prices for Jyske Bank's shares.

Here is a summary of the updates:

Jyske Bank has also announced its 2024 earnings results, which were higher than expected. The bank has initiated a share repurchase program and authorized a buyback plan.