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Danske Bank building at Kongens Nytorv in Copenhagen.
Danske Bank is a Danishmarker bank. It was founded 5 october 1871 as Den Danske Landmandsbank, Hypothek- og Vexelbank i Kjøbenhavn (The Danish Farmers' Bank, Mortgage and Exchange Bank of Copenhagenmarker).

Danske Bank has long been one of the largest banks in Denmark, roughly 30 percent market share, but after the acquisition of BG Bank now hold over 51 percent.Since the mid-1990s it has been expanding its operations outside of the country. In Norwaymarker it's known as Fokus Bank and in Sweden under a variety of brand names, including Östgöta Enskilda Bank. The reasons for this expansion are rooted in the increasing deregulation and internationalization of the banking sector.

The Group was created out of several mergers, the first in 1990 with rivals Handelsbanken (not affiliated with present day Handelsbanken) and Provinsbanken. That was followed by the acquisition of Danica in 1995 (renamed Danica Pension) in 1999, and a merger with BG Bank and Realkredit Danmark in 2001. 2005 saw the purchase of Northern Bank in Northern Irelandmarker and National Irish Bank in the Republic of Irelandmarker from the National Australia Bank, the Group's first retail operations outside Scandinavia. In 2006, Danske Bank bought the banking operations of the Finnish financial services group Sampo, which included retail banks in Finland, Latvia, Lithuania and Estonia, along with a corporate entity in Russia. The Group also maintains corporate service branches in Hamburg, Poland and London, and an outpost serving high net worth clients in Luxembourg.

Danske runs all of its operations on a single IT platform, a competitive advantage since customers can quickly transfer money between a number of countries with minimal fees.

Danske Bank was number 236 on the Fortune Global 500 list for 2009, up from 238 in 2008. .

Local Operations

The Danske Bank group operates a number of local banks around the Nordic Region as well as in Northern Ireland and the Republic of Ireland, Outlined below are countries where the Danske Bank group runs retail operations

 Danske Bank
  • Branches: 592
  • Employees: 14,000
  • Customers: ?
  • Market Position: 1
  • Market Share: 50.1%


 Fokus Bank
  • Branches: 55
  • Employees: 1100
  • Customers: 225,000
  • Market Position: 4
  • Market Share: 5% (retail) 8% (corporate)


 Östgöta Enskilda Bank
Trading as:
  • Östgöta Enskilda Bank
  • Bohusbanken
  • Gävleborgs Provinsbank
  • Hallands Provinsbank
  • Närkes Provinsbank
  • Skånes Provinsbank
  • Smålandsbanken
  • Sundsvallsbanken
  • Sörmlands Provinsbank
  • Upplandsbanken
  • Värmlands Provinsbank
  • Västmanlands Provinsbank
  • Älvsborgs Provinsbank


  • Branches: 58
  • Employees: 1200
  • Customers: ?
  • Market Position: 5
  • Market Share: 7%


 Sampo Bank
  • Branches: 125
  • Employees: 3475
  • Customers: 1.2 mio
  • Market Position: 3 private- & 2 corporate customers
  • Market Share: 15% private- & 20% corporate business


 Sampo Bank
  • Branches: 17
  • Employees: 593
  • Customers: 141,000
  • Market Position: 3
  • Market Share: 9%


 Danske Banka
  • Branches: 4
  • Employees: 120
  • Customers: 5,600
  • Market Position: 14
  • Market Share: N/A


 Danske Bankas
  • Branches: 17
  • Employees: 433
  • Customers: 85,560
  • Market Position: 4
  • Market Share: 7.1%


 National Irish Bank
  • Branches: 59
  • Employees: 720
  • Customers:167,000
  • Market Position: 5
  • Market Share: 4%


 Northern Bank
  • Branches: 95
  • Employees: 1845
  • Customers: 415.000
  • Market Position: 1-2 (in Northern Ireland)
  • Market Share: 20% (in Northern Ireland)


References

External links




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