DANSKE BANK A/S

Danske Bank is a Nordic universal bank, having its core markets at Denmark, Norway, Sweden and Finland. Danske Bank serves all types of customers from personal customers and businesses to large institutional clients. Danske Bank provides products and services in retail and private banking, corporate and investment banking, as well as wealh management solutions.

Financials

Total Assets (2016)
2 168.24 bln DKK  (+6.43%)
Net Income (2016)
19 580.53 mln DKK  (+51.41%)

DANSKE BANK A/S is the 1st largest bank in Denmark in terms of total assets. In 2016 its total assets were 2 168,24 bln DKK, providing the bank with the market share of 28.67%. In 2016 the bank's net income was 19 580,53 mln DKK.

DANSKE BANK A/S is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A (high credit quality). Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade).

DANSKE BANK A/S participates in deposit guarantee scheme of Denmark. This scheme covers accounts up to 100 000 EUR per bank per depositor.

DANSKE BANK A/S is a member of Danske Bank (Denmark).

Contacts

Holmens Kanal 2 - 12, 1060, København K, Denmark
33440000
7012 10 80

DANSKE BANK A/S is headquartered in København K.

Bank Identifiers

BIC (SWIFT)
DABADKKKXXX
MFI ID
DK61126228
Company Number
61126228

Financial Positions

Total Assets (2016)
2 168.24 bln DKK  (+6.43%)
Total Equity (2016)
166.89 bln DKK  (+3.31%)

In 2016 total assets of DANSKE BANK A/S were 2 168.24 bln DKK. Growth compared to the previous period (2015) was 6.43%. The evolution of the total assets of DANSKE BANK A/S is shown at Chart 1 below.

Total Assets of DANSKE BANK A/S.

Chart 1. Total Assets of DANSKE BANK A/S.

Recent changes in total assets of DANSKE BANK A/S and its main components are shown in Table 1.

2015 2016 % change
Cash and deposits with Central Banks 30.9 20.8 -32.93%
Loans and advances at fair value 0.0 0.0 0.00%
Loans and advances at amortized cost 878.3 940.4 +7.07%
Bonds at fair value 383.1 337.0 -12.01%
Bonds at amortized cost 80.4 91.1 +13.29%
Shares and other variable-yield securities 21.7 22.5 +3.97%
Total Assets 2 037.2 2 168.2 +6.43%
Table 1. Recent changes in total assets of DANSKE BANK A/S (bln DKK).

Recent changes in total liabilities of DANSKE BANK A/S and its main components are shown in Table 2.

2015 2016 % change
Amount owed to banks 304.7 290.7 -4.60%
Deposits 665.1 760.9 +14.40%
Issued bonds at fair value 0.0 0.0 0.00%
Issued bonds at amortized cost 311.2 345.4 +11.00%
Total Liabilities 2 037.2 2 168.2 +6.43%
Table 2. Recent changes in total liabilities of DANSKE BANK A/S (bln DKK).

Profit and Loss

Net Income (2016)
19 580.53 mln DKK  (+51.41%)

Recent changes in gross profit of DANSKE BANK A/S and its main components are shown in Table 3.

2015 2016 % change
Interest Income 27 298.0 28 096.9 +2.93%
Interest Charges -10 258.4 -11 685.5 +13.91%
Net Interest Income 17 039.6 16 411.3 -3.69%
Commission Income 11 777.5 11 395.1 -3.25%
Commission Charges -2 342.8 -2 084.2 -11.04%
Net Commission Income 27 548.8 9 310.9 -66.20%
Table 3. Recent changes in gross profit of DANSKE BANK A/S (mln DKK).

In 2016 net income of DANSKE BANK A/S was 19 580.53 mln DKK. Growth compared to the previous period (2015) was 51.41%. The evolution of the net income of DANSKE BANK A/S is shown at Chart 2 below.

Net Income of DANSKE BANK A/S.

Chart 2. Net Income of DANSKE BANK A/S.

Market Share and Rank (among banks in Denmark)

Total Assets (2016)
1st (market share 28.67%)

In 2016 DANSKE BANK A/S was ranked the 1st largest bank in Denmark in terms of total assets, having 28.67% of the domestic market share.

Market share of DANSKE BANK A/S (among banks in Denmark)

Chart 3. Market share of DANSKE BANK A/S (among banks in Denmark)

Several banks having the market shares and ranks closest to DANSKE BANK A/S are shown below.

RankNameTotal AssetsMarket Share
1 DANSKE BANK A/S2168239.00 mln DKK28.67%
2 NYKREDIT REALKREDIT A/S1305554.19 mln DKK17.26%
3 REALKREDIT DANMARK A/S862705.08 mln DKK11.41%
 

Credit Ratings (as of May 2018)

Fitch Moody's
A (high credit quality) A1 (upper medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. DANSKE BANK A/S is rated by Fitch and Moody's.

Credit ratings assigned to DANSKE BANK A/S as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for DANSKE BANK A/S it is set to A (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for DANSKE BANK A/S is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  a
Support Rating  5
Support Rating Floor  NF

Viability rating for DANSKE BANK A/S is set to a (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for DANSKE BANK A/S it is set to A1 (upper medium grade). Long-term bank deposit rating is A1 (upper medium grade). Baseline credit assessment is a3. Short-term rating is not assigned.

Long-Term Rating  A1
Long-Term Bank Deposit Rating  A1
Baseline Credit Assessment  a3
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of DANSKE BANK A/S is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Denmark are obliged to participate in Danish deposit guarantee scheme.

In the case of DANSKE BANK A/S failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  cash deposits
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of DANSKE BANK A/S and its components are shown in the table below.

BIC  DABADKKKXXX
Bank BIC Code  DABA
Country Code  DK (Denmark)
Location Code  KK
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of DANSKE BANK A/S is shown in the table below.

MFI ID  DK61126228

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  61126228

Banking Products in Denmark