Summary: Danske Bank A/S Nov 04
- ID: 1952170
- November 2004
- Standard & Poors
The ratings on Danske Bank A/S reflect the bank's commanding position in the Danish market, its low level of nonperforming loans (NPLs), sustained good profitability, and satisfactory core capitalization. Danske Bank group's assets reached Danish krone (Dkr) 1.9 trillion (€257 billion at Dkr7.43 to €1) at Sept. 30, 2004, making it by far the leading financial services group in Denmark, and also one of the largest financial conglomerates in the Nordic region. Its domestic franchise provides leading market shares in almost all its business areas: retail banking (supported by the BG Bank brand), mortgage finance (Realkredit Danmark A/S), wholesale banking, mutual funds, and life and pensions (Danica Pension). Danske Bank has grown primarily through acquisitions over the past five years,...
Companies mentioned in this report are:
- Danske Bank A/S
- Danica Pension Livsforsikringsaktieselskab
- Realkredit Danmark A/S
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