Danske Bank A/S Jan 05
- ID: 1952064
- January 2005
- Standard & Poors
An undisputable market leader in nearly every segment of the Danish market; Conservative risk management, evolving risk-control systems, and stable asset quality help to preserve the strong track record of the past few years; and Improving efficiency and a cost-to-income ratio that compares favorably with regional peers. Despite increasing geographical diversification, operations are still predominantly Danish, and performance is closely linked with Denmark's general economic development; Weaker market positions in Sweden and Norway, where the group still is a second-tier player; and Capitalization will be strained, at least temporarily, through the acquisition of the Irish banking operations of National Australia Banking Corp. The ratings on Danske Bank A/S reflect the bank's commanding position in the Danish market, its low level...
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