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Danske Bank A/S Feb 06 Product Image

Danske Bank A/S Feb 06

  • ID: 1952002
  • February 2006
  • Standard & Poors


  • Danske Bank A/S
  • Realkredit Danmark A/S
  • MORE

A strong market leader in most segments of the Danish market; A growing retail banking franchise in Sweden and Norway; Conservative risk management, evolving risk-control systems, and stable asset quality; and Solid profitability. The newly acquired Irish operations still require substantial investment to reach full potential; and Capitalization fell on the acquisition of the Irish banking operations and is unlikely to be maintained at historic levels in the future. The ratings on Danske Bank A/S (Danske Bank) reflect its commanding position in the Danish market, conservative risk management, stable asset quality with low levels of NPLs, and solid profitability. The ratings are also supported by the growing retail-banking franchises in Sweden and Norway. The ratings are constrained by the recently...

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 Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

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

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