Denmark is a country that boasts a highly sophisticated banking system, with a wide range of banks offering diverse services to both individuals and businesses. From large commercial banks to smaller, niche private banks, the financial landscape in Denmark is dynamic, catering to the needs of all sectors.
In this article, we will explore the List of Banks in Denmark, their categories, and the services they offer.
Introduction to the Banking System in Denmark
Denmark’s banking system is robust and highly regulated, ensuring both stability and security for its customers. The Danish Financial Supervisory Authority, known as Finanstilsynet, plays a key role in overseeing the operations of the financial sector, including banking institutions. Banks in Denmark are categorized based on their working capital, ranging from large commercial banks with extensive international networks to smaller local institutions. This classification provides a clear overview of the banks’ operations and influence in the country’s economy.
In this article, we’ll look at the most popular and significant banks in Denmark, broken down by their size and the services they offer. Whether you are a business owner, an individual seeking personal banking solutions, or someone interested in Denmark’s financial landscape, this comprehensive List of Banks in Denmark will serve as an essential guide.
List of Banks in Denmark by Working Capital
The banking sector in Denmark is divided into categories based on working capital. The larger banks are classified as Commercial Banks, while smaller institutions are categorized as State Banks, Foreign Banks, and Private Banks. Below is a detailed breakdown of each category and the notable banks within them.
Commercial Banks (Working capital DKK 65 billion or more)
Commercial banks are the largest financial institutions in Denmark, offering a wide array of services such as personal banking, business banking, wealth management, and more. They play a central role in the Danish economy, providing essential financial services to both individuals and businesses.
Notable Commercial Banks:
- Danske Bank A/S
- Jyske Bank A/S
- Nordea Bank Danmark A/S
- Nykredit Bank A/S
- Sydbank A/S
These banks are known for their extensive branch networks and international operations. They offer products such as mortgages, loans, credit cards, investment management, and insurance services.
| Bank Name | Year Established | Services Offered | Headquarters Location | Website |
|---|---|---|---|---|
| Danske Bank A/S | 1871 | Personal Banking, Business Banking, Insurance | Copenhagen, Denmark | danskebank.dk |
| Jyske Bank A/S | 1967 | Personal Banking, Business Banking, Investments | Silkeborg, Denmark | jyskebank.dk |
| Nordea Bank Danmark A/S | 1820 | Personal Banking, Corporate Solutions, Insurance | Copenhagen, Denmark | nordea.dk |
| Nykredit Bank A/S | 1851 | Mortgage Lending, Personal Banking, Investments | Copenhagen, Denmark | nykredit.com |
| Sydbank A/S | 1970 | Personal Banking, Business Banking, Loans | Aabenraa, Denmark | sydbank.dk |
State Banks (Working capital DKK 12 billion or more)
State Banks in Denmark are typically smaller than commercial banks but still significant players in the financial sector. They offer services such as savings accounts, loans, mortgages, and insurance, with a more localized approach compared to the larger commercial banks.
Notable State Banks:
- Alm. Brand Bank A/S
- Arbejdernes Landsbank A/S
- Den Jyske Sparekasse
- FIH Erhvervsbank A/S
- Jutlander Bank A/S
These banks primarily serve the domestic market and focus on personal banking services, with some offering business banking solutions as well.
| Bank Name | Year Established | Services Offered | Headquarters Location | Website |
|---|---|---|---|---|
| Alm. Brand Bank A/S | 1960 | Personal Banking, Mortgages, Insurance | Copenhagen, Denmark | almbrand.dk |
| Arbejdernes Landsbank A/S | 1919 | Savings Accounts, Loans, Mortgages | Copenhagen, Denmark | al-bank.dk |
| Den Jyske Sparekasse | 1961 | Personal Banking, Mortgages, Loans | Brande, Denmark | jyske.dk |
| FIH Erhvervsbank A/S | 1963 | Business Loans, Personal Banking | Copenhagen, Denmark | fih.dk |
| Jutlander Bank A/S | 1966 | Business Banking, Mortgages | Aars, Denmark | jutlander.dk |
Foreign Banks (Working capital DKK 500 million or more)
Foreign banks in Denmark are typically branches or subsidiaries of international financial institutions. These banks serve a diverse clientele, including both individuals and businesses, and they offer specialized products such as international trade finance and foreign currency exchange.
Notable Foreign Banks:
- Basisbank A/S
- BRFkredit Bank A/S
- Coop Bank A/S
- Danske Andelskassers Bank A/S
- Fynske Bank A/S
These banks are integral to Denmark’s international trade and provide competitive financial products, often tailored to the needs of global businesses.
| Bank Name | Year Established | Services Offered | Headquarters Location | Website |
|---|---|---|---|---|
| Basisbank A/S | 1995 | Personal Loans, Mortgages, Savings | Copenhagen, Denmark | basisbank.dk |
| BRFkredit Bank A/S | 1966 | Mortgages, Savings, Investments | Ballerup, Denmark | brfkredit.dk |
| Coop Bank A/S | 2000 | Personal Banking, Mortgages, Loans | Copenhagen, Denmark | coop.dk |
| Danske Andelskassers Bank A/S | 1985 | Business Loans, Mortgages | Copenhagen, Denmark | danskebank.dk |
| Fynske Bank A/S | 1971 | Business Banking, Mortgages, Savings | Odense, Denmark | fynske.dk |
Private Banks (Working capital DKK 500 million or less)
Private banks are smaller financial institutions that focus on providing personalized banking services. These banks tend to have a niche customer base and offer specialized services to individuals and small businesses.
Notable Private Banks:
- Andelskassen Fælleskassen
- Borbjerg Sparekasse
- Fanø Sparekasse
- Flemløse Sparekasse
- Klim Sparekasse
Private banks often focus on serving local communities, providing tailored solutions to individual clients or specific business sectors.
| Bank Name | Year Established | Services Offered | Headquarters Location | Website |
|---|---|---|---|---|
| Andelskassen Fælleskassen | 1960 | Personal Banking, Loans | Horsens, Denmark | faelleskassen.dk |
| Borbjerg Sparekasse | 1905 | Mortgages, Loans | Borbjerg, Denmark | borbjerg.dk |
| Fanø Sparekasse | 1904 | Personal Loans, Savings | Fanø, Denmark | fanoe.dk |
| Flemløse Sparekasse | 1908 | Personal Banking, Savings | Slagelse, Denmark | flemlsoe.dk |
| Klim Sparekasse | 1896 | Savings, Mortgages, Personal Banking | Klim, Denmark | klim.dk |
The Leading Banks in Denmark
Now, let’s dive into the list of banks in Denmark, exploring their services, history, and contact information.
1. Danske Bank A/S (Commercial Bank)
- Year Established: 1871
- Headquarters: Holmens Kanal 2-12, DK-1092 Copenhagen K, Denmark.
- Website: danskebank.dk
As one of Denmark’s largest commercial banks, Danske Bank has played a pivotal role in the country’s financial history. With over 150 years of operation, the bank offers a comprehensive range of services, including personal banking, business banking, and wealth management.
Personal Banking Services:
- Bank accounts
- Mortgages
- Loans
- Credit cards
- Investments
- Insurance
Business Banking Services:
- Trade finance
- Cash management
- Investment solutions
2. Jyske Bank A/S (Commercial Bank)
- Year Established: 1967
- Headquarters: Vestergade 8-16, DK-8600 Silkeborg, Denmark.
- Website: jyskebank.dk
Jyske Bank is another major player in the Danish financial sector, offering services to both individuals and businesses. Known for its robust investment solutions, Jyske Bank provides services such as savings accounts, loans, mortgages, and corporate financing solutions.
3. Nordea Bank Danmark A/S (Commercial Bank)
- Year Established: 2000 (Nordea Group)
- Headquarters: Østbanegade 123, DK-2100 Copenhagen Ø, Denmark.
- Website: nordea.dk
Nordea is a Scandinavian multinational banking and financial services group, and its Danish arm, Nordea Bank Danmark, provides a wide range of services. These include personal banking services, wealth management, and comprehensive corporate banking solutions.
4. Nykredit Bank A/S (Commercial Bank)
- Year Established: 1851
- Headquarters: Kalvebod Brygge 1-3, DK-1560 Copenhagen V, Denmark.
- Website: nykredit.com
Nykredit is a leading Danish mortgage lender and one of the largest banks in Denmark. It is best known for its mortgage products, which include fixed-rate and adjustable-rate mortgages. Nykredit also offers personal loans, investment products, and insurance services.
5. Sydbank A/S (Commercial Bank)
- Year Established: 1970
- Headquarters: Peberlyk 4, DK-6200 Aabenraa, Denmark.
- Website: sydbank.dk
Sydbank is a major regional bank in Denmark, providing a range of banking products and services. It is known for its personal banking services such as mortgages, savings accounts, and personal loans. Sydbank also offers business banking services, including loans, cash management, and foreign exchange services.
State Banks in Denmark
State banks play an essential role in Denmark’s financial ecosystem. These banks are slightly smaller in size than commercial banks but still offer a range of services to individuals and businesses.
6. Alm. Brand Bank A/S (State Bank)
- Year Established: 1965
- Headquarters: Gammel Kongevej 115, DK-1850 Frederiksberg C, Denmark.
- Website: almbrand.dk
Alm. Brand Bank is a state bank that offers personal and business banking services. It provides mortgages, loans, and insurance solutions to individual customers, as well as corporate banking solutions to businesses.
7. Arbejdernes Landsbank A/S (State Bank)
- Year Established: 1919
- Headquarters: Vesterbrogade 5, DK-1500 Copenhagen V, Denmark.
- Website: al-bank.dk
Arbejdernes Landsbank is a cooperative bank that offers banking, mortgage lending, and investment services. With a network of branches across Denmark, it caters to both individual and corporate clients.
8. Sparekassen Kronjylland (State Bank)
- Year Established: 1856
- Headquarters: St. Kongensgade 36, DK-8000 Aarhus C, Denmark.
- Website: skj.dk
Sparekassen Kronjylland is a regional bank in Denmark, providing a range of personal and business banking services. The bank offers competitive mortgage rates, savings accounts, and business loans.
9. Lån & Spar Bank A/S (State Bank)
- Year Established: 1920
- Headquarters: Vesterbrogade 5, DK-1500 Copenhagen V, Denmark.
- Website: lsb.dk
Lån & Spar Bank is a cooperative bank that provides mortgage lending and investment services. The bank offers financial solutions to individuals and businesses, with a focus on personal service and competitive rates.
Foreign Banks in Denmark
Foreign banks are significant players in Denmark’s banking landscape. These banks operate in Denmark as subsidiaries or branches of multinational financial institutions.
10. Basisbank A/S (Foreign Bank)
- Year Established: 1992
- Headquarters: Skovbrynet 4, DK-3520 Farum, Denmark.
- Website: basisbank.dk
Basisbank is a foreign bank in Denmark that offers a wide range of personal and business banking services. It is known for its competitive interest rates and simple banking processes.
11. BRFkredit Bank A/S (Foreign Bank)
- Year Established: 1963
- Headquarters: Sankt Annae Plads 29, DK-1250 Copenhagen K, Denmark.
- Website: brf.dk
BRFkredit Bank specializes in mortgage lending and housing finance. It offers competitive mortgage rates to individual homeowners and businesses, along with other financial products.
12. Coop Bank A/S (Foreign Bank)
- Year Established: 2005
- Headquarters: Høje Taastrupvej 195, DK-2630 Taastrup, Denmark.
- Website: coop.dk
Coop Bank is a retail bank that provides personal banking services and offers competitive loans and mortgages. It is a subsidiary of the Coop Group, which is Denmark’s largest retail organization.
Private Banks in Denmark
Private banks in Denmark cater to smaller, local markets and often offer personalized services to their clients. These banks are typically more focused on niche markets.
13. Andelskassen Fælleskassen (Private Bank)
- Year Established: 1911
- Headquarters: Store Torv 2, DK-4760 Vordingborg, Denmark.
- Website: faelleskassen.dk
Andelskassen Fælleskassen is a small private bank offering a variety of services, including savings accounts, loans, and mortgage solutions. The bank focuses on providing personal banking services to its clients.
14. Fanø Sparekasse (Private Bank)
- Year Established: 1868
- Headquarters: Fanø, Denmark.
- Website: fanoe-bank.dk
Fanø Sparekasse is a local private bank that offers personal and business banking services to customers on the island of Fanø. It specializes in savings accounts, loans, and mortgage lending.
Conclusion
The List of Banks in Denmark includes a variety of institutions that cater to different sectors, from large commercial banks to niche private banks. These banks offer a comprehensive range of services, including personal and business banking, mortgages, loans, investments, and more. Whether you’re looking for international banking solutions, local community services, or specialized financial products, Denmark’s banking system has something to offer.
The commercial banks dominate the financial sector, followed by state banks, foreign banks, and private banks. Each bank type has its own set of advantages, and understanding their unique offerings can help you make informed decisions about your financial needs.
For individuals and businesses in Denmark, the financial landscape remains dynamic, with digital innovations and competitive offerings ensuring that customers receive
the best services possible. With this guide to the List of Banks in Denmark, you now have a clear overview of the banking system and the options available to you.