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Den Danske Bank


Danske Bank is a Danish bank. It was founded 5 October 1871 as Den Danske Landmandsbank. Danske Bank has long been one of the largest banks in Denmark, with roughly 30 percent market share, and since the mid-1990s it has been expanding its operations outside of the country.

In Norway it's known as Fokus Bank and in Sweden under a variety of brand names, including Ostgota Enskilda Bank. The reasons for this expansion are rooted in the increasing deregulation and internationalization of the banking sector. 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.

Banking Forum

Headquarters:Copenhagen, Denmark
Phone:+45 33 44 00 00
Web:www.danskebank.com
Modified: 24.05.2007 | Inform about a mistake



Financial & Banking News


Financial & Banking News


Credit Suisse launches global credit business - 13.03.2008
Credit Suisse has combined its leveraged finance and investment grade businesses under a new group called the global credit business unit as part of its plan to align businesses across its global securities division.
Citigroup revamps mortgage business - 07.03.2008
Citigroup Inc. is cutting residential mortgage assets by $45bn and costs by $200m at the same time that Merrill Lynch discontinues origination at First Franklin, a sub-prime mortgage company the bank bought two years ago.
Ultra-rich Middle East investors target Russia - 06.03.2008
Russian hedge fund Pharos Financial claims it will raise more than $1bn from investors in the United Arab Emirates, Saudi Arabia and the other Gulf states.
Societe Generale fights back with internal "hackers" - 19.02.2008
Societe Generale is setting up an internal team of "hackers" to stress-test its information technology and risk management systems as part of a €50m bank-wide initiative to tighten its risk controls after falling victim to a trading scandal.
Mainland banks boost assets 20 percent - 14.02.2008
Mainland banks increased their overall assets by 20 percent last year with midsized joint-stock institutions leading the sector, according to China Banking Regulatory Commission data released yesterday.
Goldman bolsters MoneyGram bailout - 13.02.2008
Goldman Sachs is providing $500m in debt to troubled US payments company MoneyGram International as the investment bank raises the largest mezzanine fund to date and demand grows for this type of financing.


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