Danske Bank A/S Eesti filiaal

Danske Bank A/S, branch in Estonia offers a broad range of banking products to business customers and individuals non-residents of Estonia.

Bank Category

Branches of foreign banks

Services

Corporate Banking
Personal International Banking

Financials

Total Assets (2017)
1 557.45 mln EUR  (-8.32%)
Net Income (2017)
6.05 mln EUR  (-62.69%)

Danske Bank A/S Eesti filiaal is the 5th largest bank in Estonia in terms of total assets. In 2017 its total assets were 1 557,45 mln EUR, providing the bank with the market share of 6.16%. In 2017 the bank's net income was 6,05 mln EUR.

Danske Bank A/S Eesti filiaal participates in deposit guarantee scheme of Denmark. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Danske Bank A/S Eesti filiaal is a member of Danske Bank (Denmark) and operates as a branch of DANSKE BANK A/S (Denmark).

Contacts

Narva mnt 11, 15015, Tallinn, Estonia
+372 6 800 800
+372 6 752 803

Danske Bank A/S Eesti filiaal is located in Tallinn.

Bank Identifiers

BIC (SWIFT)
FOREEE2X
MFI ID
EE11488826
Company Number
11488826

Business Summary

Eligible Clients
legal entities, natural persons non-resident in Estonia
Services
corporate banking
personal international banking

Danske Bank A/S Eesti filiaal provides products and services in the areas of corporate banking, personal international banking. Danske Bank A/S Eesti filiaal makes its solutions available to legal entities, natural persons non-resident in Estonia.

Financial Positions

Total Assets (2017)
1 557.45 mln EUR  (-8.32%)
Total Equity (2017)
139.08 mln EUR  (-85.78%)

In 2017 total assets of Danske Bank A/S Eesti filiaal were 1 557.45 mln EUR. Decline compared to the previous period (2016) was -8.32%. The evolution of the total assets of Danske Bank A/S Eesti filiaal is shown at Chart 1 below.

Total Assets of Danske Bank A/S Eesti filiaal.

Chart 1. Total Assets of Danske Bank A/S Eesti filiaal.

Recent changes in total assets of Danske Bank A/S Eesti filiaal and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 288.5 13.9 -95.18%
Loans 1 388.6 1 375.6 -0.94%
Total Assets 1 698.7 1 557.4 -8.32%
Table 1. Recent changes in total assets of Danske Bank A/S Eesti filiaal (mln EUR).

Recent changes in total liabilities of Danske Bank A/S Eesti filiaal and its main components are shown in Table 2.

2016 2017 % change
Deposits 694.3 1 407.8 +102.78%
Total Liabilities 1 698.7 1 557.4 -8.32%
Table 2. Recent changes in total liabilities of Danske Bank A/S Eesti filiaal (mln EUR).

Profit and Loss

Net Income (2017)
6.05 mln EUR  (-62.69%)

Recent changes in gross profit of Danske Bank A/S Eesti filiaal and its main components are shown in Table 3.

2016 2017 % change
Interest Income 23.5 23.0 -2.26%
Interest Charges -1.4 -1.3 -6.31%
Commission Income 7.6 6.5 -14.01%
Commission Charges -2.2 -2.0 -6.30%
Table 3. Recent changes in gross profit of Danske Bank A/S Eesti filiaal (mln EUR).

In 2017 net income of Danske Bank A/S Eesti filiaal was 6.05 mln EUR. Decline compared to the previous period (2016) was -62.69%. The evolution of the net income of Danske Bank A/S Eesti filiaal is shown at Chart 2 below.

Net Income of Danske Bank A/S Eesti filiaal.

Chart 2. Net Income of Danske Bank A/S Eesti filiaal.

Market Share and Rank (among banks in Estonia)

Total Assets (2017)
5th (market share 6.16%)
Loans (2017)
4th (market share 7.43%)
Deposits (2017)
5th (market share 6.58%)

In 2017 Danske Bank A/S Eesti filiaal was ranked the 5th largest bank in Estonia in terms of total assets, having 6.16% of the domestic market share.

Market share of Danske Bank A/S Eesti filiaal (among banks in Estonia)

Chart 3. Market share of Danske Bank A/S Eesti filiaal (among banks in Estonia)

Several banks having the market shares and ranks closest to Danske Bank A/S Eesti filiaal are shown below.

RankNameTotal AssetsMarket Share
4AS LHV Pank1726.10 mln EUR6.83%
5Danske Bank A/S Eesti filiaal1557.45 mln EUR6.16%
6OP Corporate Bank plc Eesti filiaal646.30 mln EUR2.56%
 

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 branches of foreign banks operating in Estonia participate in deposit guarantee schemes of their home countries. This means that Danske Bank A/S Eesti filiaal participates in the deposit guarantee scheme of Denmark.

In the case of Danske Bank A/S Eesti filiaal 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 Eesti filiaal and its components are shown in the table below.

BIC  FOREEE2X
Bank BIC Code  FORE
Country Code  EE (Estonia)
Location Code  2X
Branch Code  -

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 Eesti filiaal is shown in the table below.

MFI ID  EE11488826

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  11488826

Banking Products in Estonia