Created by Anna Mileiko 
Established in 2013, Coop Bank is 100% owned by Coop Amba, Danish cooperative association with about 1.4 million members. Coop Bank focuses on providing simple and transparent banking products everyday banking products like saving accounts, payment cards and overdrafts. Coop Bank operates without a branch network, rather via supermarket chains, online and over the phone.
In 2023, COOP BANK A/S achieved the position of 36th largest bank in Denmark with a market share of 0.04%; its total assets grew by 13.65%.
Additionally, the bank became the 39th profitable bank in relation to its total assets showcasing 1.29% return on assets and 17.38% return on equity in 2023.
Deposits up to 100,000 EUR are covered by Danish deposit guarantee scheme in COOP BANK A/S.
online banking
mobile app
retail store
COOP BANK A/S ranks as the 36th largest bank in Denmark by total assets. In 2023 its total assets were 3,421.34 mln DKK, representing a 0.04% market share. In 2023 the bank's net income was 41.33 mln DKK.
COOP BANK A/S protects deposits up to up to 100,000 EUR per depositor through Denmark's deposit guarantee scheme. The scheme applies to cash deposits made by natural persons, legal entities. The bank participates in the Finansiel Stabilitet, making regular contributions into it.
Roskildevej 65, 2620, Albertslund, Denmark
43861111COOP BANK A/S is headquartered in Albertslund.
COOP BANK A/S has profiles at the following social networks:
COOP BANK A/S is authorized and supervised by the Danish Financial Supervisory Authority (reference number 6620).
DenmarkCOOP BANK A/S provides services in the area of retail banking. COOP BANK A/S offers a range of products including current accounts, savings accounts, consumer loans, car loans, cash loans, mortgage loans. COOP BANK A/S makes its solutions available to natural persons.
online banking mobile app retail storeProducts and services offered by COOP BANK A/S are available at retail stores and via its online banking system, mobile application.
In 2023 total assets of COOP BANK A/S were 3,421.34 mln DKK. Growth compared to the previous period (2022) was 13.65%. The evolution of the total assets of COOP BANK A/S is shown at Chart 1 below.
Chart 1. Total Assets of COOP BANK A/S.
Recent changes in total assets of COOP BANK A/S and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Cash and deposits with Central Banks | 1,069.7 | 1,528.0 | +42.84% |
| Bonds at fair value | 472.5 | 465.4 | -1.51% |
| Loans and advances at amortized cost | 1,264.3 | 1,258.4 | -0.47% |
| Shares and other variable-yield securities | 0.1 | 0.1 | +9.57% |
| Total Assets | 3,010.5 | 3,421.3 | +13.65% |
Table 1. Recent changes in total assets of COOP BANK A/S (mln DKK).
Recent changes in total liabilities of COOP BANK A/S and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Deposits | 2,646.0 | 3,008.2 | +13.69% |
| Amount owed to banks | 58.6 | 53.3 | -9.03% |
| Total Liabilities | 3,010.5 | 3,421.3 | +13.65% |
Table 2. Recent changes in total liabilities of COOP BANK A/S (mln DKK).
Recent changes in gross profit of COOP BANK A/S and its main components are shown in Table 3.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Interest Income | 95.2 | 162.6 | +70.82% |
| Commission Charges | -20.1 | -20.8 | +3.66% |
| Net Interest Income | 94.9 | 127.7 | +34.51% |
| Commission Income | 43.1 | 49.6 | +15.16% |
| Interest Charges | -0.2 | -34.9 | +15,327.43% |
| Net Commission Income | 23.0 | 28.8 | +25.20% |
Table 3. Recent changes in gross profit of COOP BANK A/S (mln DKK).
In 2023 net income of COOP BANK A/S was 41.33 mln DKK. Growth compared to the previous period (2022) was 518.34%. The evolution of the net income of COOP BANK A/S is shown at Chart 2 below.
Chart 2. Net Income of COOP BANK A/S.
In 2023 COOP BANK A/S was ranked the 36th largest bank in Denmarkin terms of total assets, having 0.04% of the domestic market share.
Chart 3. Market share of COOP BANK A/S (among banks in Denmark)
Historical changes in COOP BANK A/S's domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 36 | 0.04 % |
| 2022 | 36 | 0.04 % |
| 2021 | 39 | 0.03 % |
| 2020 | 42 | 0.03 % |
| 2019 | 44 | 0.03 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to COOP BANK A/S listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 35 |  | 0.05% | 4,078.49 mln DKK (+6.70%) |
| 36 | | 0.04% | 3,421.34 mln DKK (+13.65%) |
| 37 |  | 0.04% | 2,945.00 mln DKK (+6.80%) |
Discover key identifiers of COOP BANK A/S including its BIC, LEI, company number, MFI ID.
BIC: FDDDDK21
The BIC (also known as SWIFT code) for COOP BANK A/S is FDDDDK21. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | FDDDDK21 |
| Bank BIC Code | FDDD |
| Country Code | DK (Denmark) |
| Location Code | 21 |
| Branch Code | - |
LEI: 5493000KDERX4DPFVT15
COOP BANK A/S’s LEI is 5493000KDERX4DPFVT15. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | 5493000KDERX4DPFVT15 |
| LOU Identifier | 5493 |
| Reserved | 00 |
| Entity Identifier | 0KDERX4DPFVT |
| Verification ID | 15 |
Company Registration Number: 34887969
COOP BANK A/S is registered in Denmark under company number 34887969. This unique identifier is assigned by the Danish Business Authority (Erhvervsstyrelsen),company details are then available in the Danish Business Register.
| Key | Value |
|---|---|
| Company Number | 34887969 |
MFI ID: DK34887969
COOP BANK A/S’s MFI ID, DK34887969, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Denmark (DK), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | DK34887969 |
| Country Code | DK |
| MFI Code | 34887969 |
TheBanks.eu identified several banks similar to COOP BANK A/S based on various criteria, including:
