List of Banks in Denmark: Top 50 Largest and More

Denmark has a well-established banking system with a wide range of institutions to choose from. The country is home to several large banks, including Danske Bank, Nordea, and Sydbank.

Danske Bank is the largest bank in Denmark, with a market share of around 30%. It was founded in 1871 and has since grown to become one of the largest banks in the Nordic region.

Many of Denmark's largest banks are also part of international banking groups. For example, Nordea is a Swedish-Finnish bank that operates in several countries, including Denmark, Sweden, Finland, and Norway.

If you're looking for a bank in Denmark that offers clear English conditions, you're in luck. N26 and Revolut are two popular options that offer English language support.

N26 and Revolut both offer free credit cards with no hidden costs or annual fees. They also offer free accounts with no strings attached.

Danske Bank A/S, on the other hand, offers a free credit card, but no free account. This might be worth considering if you're looking for a bank with a wide range of services.

Here's a list of some of the top banks in Denmark, which includes some of the banks mentioned earlier:

These banks are considered some of the most popular and reliable options in Denmark, and are used by both expats and Danish citizens.

In Denmark, banks are grouped based on their working capital. The largest banks, with a working capital of DKK 75 billion or more, are part of Group 1.

These banks include Danske Bank A/S, Jyske Bank A/S, Nordea Bank Danmark A/S, Nykredit Bank A/S, Sydbank A/S, and Spar Nord Bank A/S.

Banks with a working capital of DKK 12 billion or more are classified as Group 2, which includes Arbejdernes Landsbank, Aktieselskab, Sparekassen Kronjylland, Lån & Spar Bank A/S, Middelfart Sparekasse, Ringkjøbing Landbobank, Aktieselskab, Saxo Bank A/S, Sparekassen Danmark, Sparekassen Sjælland-Fyn A/S, and Vestjysk Bank A/S.

The smallest banks, with a working capital of DKK 500 million or less, are grouped as Group 4, which includes banks such as Andelskassen Fælleskassen, Borbjerg Sparekasse, Faster Andelskasse, and others.

Group 1 is comprised of banks that have a significant amount of working capital, with a minimum of DKK 75 billion.

This group includes some of the largest banks in Denmark, such as Danske Bank A/S, which is one of the country's largest financial institutions.

Jyske Bank A/S and Nordea Bank Danmark A/S also make up this group, both of which have a long history of providing banking services to Danes.

Nykredit Bank A/S and Sydbank A/S are also part of Group 1, with a strong presence in the Danish banking market.

Spar Nord Bank A/S rounds out this group, offering a range of financial services to individuals and businesses.

Here's a list of the banks that make up Group 1:

Group 2 is made up of banks with a significant amount of working capital, specifically DKK 12 billion or more.

These banks have substantial financial resources at their disposal, which is likely to provide a strong foundation for their operations.

Arbejdernes Landsbank, Aktieselskab is one of the banks in this group, with a large amount of working capital.

Sparekassen Kronjylland and Lån & Spar Bank A/S are also part of this group, both of which have significant financial resources.

Here's a list of the banks in Group 2:

These banks are likely to be well-equipped to handle a range of financial services and products.

Group 4 is characterized by working capital of DKK 500 million or less. This group is comprised of smaller financial institutions.

Andelskassen Fælleskassen is a member of this group. Borbjerg Sparekasse is also included. Faster Andelskasse, Klim Sparekasse, and Leasing Fyn Bank A/S are other notable members. Søby-Skader-Halling Sparekasse, Sønderhå-Hørsted Sparekasse, and Stadil Sparekasse round out the group.

Here are the specific institutions that make up Group 4:

Denmark is home to a diverse range of banks, each with its own unique characteristics and strengths. Let's take a look at the top 50 largest banks in Denmark.

The largest bank in Denmark is the Danmarks Nationalbank, which is headquartered in Hovedstaden.

The top 5 largest banks in Denmark are:

These banks are considered the backbone of Denmark's financial system, providing a range of services to individuals and businesses alike.

Denmark's digital banking landscape is characterized by a strong focus on innovation and user-friendly interfaces.

Established banks in Denmark provide extensive online banking services and user-friendly mobile apps that cater to the digitally savvy population. The country's supportive regulatory environment also contributes to its dynamic and progressive digital banking landscape.

Digital literacy is high in Denmark, making it easier for people to take advantage of digital banking services. The Danish fintech sector is also flourishing, with startups introducing innovative financial solutions.

Online banking services in Denmark are extensive, making it easy to manage your finances on the go.

If you're an expat in Denmark, finding the right bank can be a challenge. N26 is a great option, especially for those who prefer online banking.

N26 is a purely online bank, which means you can handle everything online without any extra costs. Traditional banks with physical branches have a lot of overhead costs, which they often pass on to customers in the form of fees.

One of the main advantages of N26 is that they don't charge foreign exchange rate fees or ATM withdrawal fees within Europe. This can be a huge money-saver for expats who frequently travel or need to access cash in different countries.

You can choose between two accounts with N26: the traditional account, which is free of charge, and the N26 You account. Both accounts come with a free Mastercard that's accepted throughout Denmark.

N26's online-only approach means you can manage your finances from anywhere, at any time. This can be especially convenient for expats who may not be based in Denmark full-time.