Danske Bank A/S Jul 04
- ID: 1953012
- July 2004
- 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 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
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