Danske Bank

It is the biggest banking institution in Denmark. It offers Nordic, corporate, institutional, and wealth management services to its clients inside and outside the country. It has 227 branches spread across 15 countries.

History

The bank was formed throughout history through a series of mergers. In 1871, Gottlieb Hartvig Abrahamsson Gedalia created the Danish Bank of Farmers, Bank of Mortgages, and Changes of Copenhagen (Den Danske Landmandsbank, Hypothek and Vexelbank, and Kjøbenhavn). Two years later, another relevant entity, the Handelsbanken, is founded. Both banks were competing (healthily) in the banking and financial activities of the country until they joined in 1900.

Den Danske Landmandsbank was increasing its financial participation until it became the essential institution of the Scandinavian countries in 1910. In 1976, the name was changed to Den Danske Bank. The time came when this entity, along with others, decided to grow in every aspect (in size, financial, etc.). Therefore, Den Danske Bank was combined with Handelsbanken and Provinsbanken in 1990.

The bank already merged, begins to expand internationally, establishing offices in several Scandinavian countries (Norway, Sweden, Finland). Also, it acquired several institutions such as the Östgöta Enskilda Bank and Fokus Bank. At the beginning of the year 2000, it changes its name to Danske Bank (as today). In subsequent years, it merged with RealDanmark (2001) and with BG Bank (2007). It made important purchases such as Northern Bank (Northern Ireland), National Irish Bank (Republic of Ireland), and Sampo Bank (Finland).

Swift Code

This code is used in international bank transfers: DABADKKK.

Number of Employees

Currently, it has the participation of 21,462 employees.

Rating

The rating determines long-term financial risks when a debt is presented.

Danske Bank has a rating of:

  • S&P = A.
  • Moody’s = A2.
  • Fitch = A.

A (S&P Global) = It means that the economic situation could affect the financing.

A2 (Moody’s) = It has medium-high quality, low credit risk, but with elements that suggest a susceptibility to long-term deterioration.

A (Fitch) = It has excellent solvency capacity and low risk of default.

Headquarters

The headquarters of the entity is in the city of Copenhagen, Denmark.

Website

For more information about this Danish bank, go to http://danskebank.com

Services

The bank offers services to clients and companies about financial markets, investments, corporate and sustainable finance, social and loan capital markets, transaction banking, international payments, cash management, deposit and data management services, and relations with Nordic corporate clients.

Contact

  • Address: Holmens Kanal 2, 1092 København K, Denmark.
  • Phone Number: +45 33 44 00 00.