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Danske Bank A/S Jun 03 Product Image

Danske Bank A/S Jun 03

  • Published: June 2003
  • Standard & Poors

FEATURED COMPANIES

  • Danske Bank A/S
  • Realkredit Danmark A/S
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Abstract
The ratings on Danske Bank A/S reflect its commanding position in the Danish market, sound core capitalization, still low level of nonperforming loans (NPLs), and satisfactory profitability. Although the group is expanding regionally, the Danske Bank group is the dominant financial services group in Denmark, with strong links between its risk profile and operating performance and trends in the domestic economy. The Danish economy remains comparatively robust in the EU context, however, with economic growth forecast to remain close to 2% annually through 2005, from 1.7% in 2002. Danske Bank group's assets reached Danish krone (Dkr) 1,764 billion (€238 billion at Dkr7.42 to €1) at March 31, 2003, also ranking it one of the largest financial conglomerates in the Nordic...

Companies mentioned in this report are:
- Danske Bank A/S
- Danica Pension Livsforsikringsaktieselskab
- Realkredit Danmark A/S

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit READ MORE >

- Danske Bank A/S
- Danica Pension Livsforsikringsaktieselskab
- Realkredit Danmark A/S

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