Danske Bank A/S Feb 06
- ID: 1952002
- February 2006
- Standard & Poors
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
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Research Type: Full Analysis