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Danske Bank A/S Jul 04 Product Image

Danske Bank A/S Jul 04

  • ID: 1953012
  • July 2004
  • Standard & Poors


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

An undisputable market leader in nearly every segment of the Danish market; Conservative risk management, evolving risk-control systems, and stable asset quality help preserve the strong track record from the past few years; and Improving efficiency and a cost/income ratio that compares favorably with regional peers. Despite increasing geographical diversification, operations are still predominantly Danish, and performance is highly linked with Denmark's general economic development; and Weaker market position in Sweden, and Norway, where the group still is a second-tier player. The ratings on Danske Bank A/S reflect the bank's commanding position in the Danish market, its still low level of nonperforming loans (NPLs), sustained good profitability, and satisfactory core capitalization. Danske Bank group's assets reached Danish krone (Dkr) 1.8...

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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