• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Danske Bank A/S Apr 02
Standard & Poors, April 2002
The ratings on Danske Bank A/S reflect the bank's commanding position in the Danish market, lower risk asset quality, satisfactory capitalization, and sustained good profitability. In March 2001, Danske Bank finalized its merger with RealDanmark A/S, whose two operating entities, Realkredit Danmark A/S (not rated) and BG Bank A/S (not rated), ranked second in mortgage lending and third in banking, respectively, in Denmark. Although the group is expanding regionally, this sizable inmarket merger heightened the links between Danske Bank's risk profile and operating performance and trends in the Danish economy. Danske Bank is the largest banking group in Denmark, with assets of Danish krone (Dkr) 1,539 billion ($181.5 billion at Dkr8.48 to $1) at year-end 2001. It is also one...
Companies mentioned in this report are:
- Danske Bank A/S
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
- Danske Bank A/S