Danske Bank

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Danske Bank is the largest bank in Denmark and a leading player in the Scandinavian financial markets. The Danske Bank Group - which includes Danske Bank, BG Bank, Realkredit Danmark, Danica Pension and a number of subsidiaries - offers a wide range of financial services, including insurance, mortgage finance, asset management, brokerage, real estate and leasing services.

Extensive branch network
In Denmark, Norway, Sweden, Finland, Estonia, Latvia, Lithuania, Northern Ireland and the Republic of Ireland as well as in St. Petersburg the Group serves almost 4,9 million retail customers and a significant part of the corporate, public and institutional sectors. It also has a large number of international corporate clients, particularly in the northern European markets. Some 1,2 million customers use the Bank's online services.
The Bank's customers in Denmark have access to an extensive network of 462 branches, several corporate banking centres, various subsidiaries and the head office in Copenhagen. Outside Denmark you will have access to 433 branches.
Swedish customers are served by the 60 branches of Danske Bank Sweden Branch and Corporate Banking, Stockholm, as well as head office departments and 4 regional financial centres. In Norway customers are served by Fokus Bank, a nationwide bank with 70 branches.

In 2005 the bank acquired Northern Bank in Northern Ireland with 95 branches and National Irish Bank in the Republic of Ireland with 59 branches.

In November 2006 Danske Bank bought the 3rd largest bank in Finland, Sampo Bank with 125 branches and 3.475 employees. The Acquisition includes a bank in Estonia with 17 branches and 593 employees, in Latvia with 3 branches and 61 employees and in Lithuania a bank with 13 branches and 433 employees. Furthermore a small bank in St. Peterburg.

Danske Bank also has branches in London, Warsaw, Hamburg and Helsinki. A subsidiary in Luxembourg specialises in private banking services. The Bank also maintains representative offices in France and Spain.

Insurance
Danske Bank's insurance activities are concentrated in the Danica Pension insurance group, which conducts extensive life and pension business under its own brand name.

Asset Management
The Bank also has a large volume of business in asset management for institutional and life insurance clients, among others, both in Denmark and abroad.

Staff
By a continual development of its capable staff and innovations in its IT infrastructure, the Group strives to tailor its services to the needs of all of its customers. Including its insurance operations, the Danske Bank Group has almost 23,500 employees.

Financial strength
The Group will continue to expand its activities in order to take advantage of promising business opportunities. Its considerable capital strength enables it to pursue this policy while continuing to adapt existing activities to the increasingly competitive market situation.
The financial accounts for 2006 included the following key figures:

• Total assets: DKr2,739,4bn
• Shareholders' equity: DKr95,2bn
• Solvency ratio: 11,4%
• Subordinated debt: DKr49,0bn
• Core earnings for 2003: DKr18,497m

  The Danske Bank Group's current credit ratings are as follows:

  • Moody's: P-1 (short-term) and Aa1 (long-term)
  • Standard & Poor's: A-1+ (short-term) and AA- (long-term)
  • Fitch IBCA: F1+ (short-term) and AA- (long-term)
  • Mortgage bonds issued by Realkredit Danmark A/S:
    Moody's: Aaa
    Standard & Poor's: AAA
  • Danica Pension: AA- in the categories Insurer Financial Strength and Counterparty Credit