Largest banks in Denmark 2019, by assets

The largest bank in Denmark in 2019, in terms of total assets was Danske Bank. Danske Bank’s total assets reached a value of around 3.76 trillion Danish kroner, and had been increasing annually since 2015. Danske bank was followed by Jyske Bank, Nykredit Bank, and Sydbank.

Leading banks for large corporations

   Danske Bank was also the leading bank for large corporations in Denmark in 2020, with a market penetration rate of 82 percent. It was followed by Nordea Bank Abp, with headquarters in Helsinki, Finland. Nordea had a market penetration rate of 74 percent among large corporations and was followed by Nykredit Bank, which registered market penetration rates of 47 percent.

Banks in Denmark

   The number of banks in Denmark decreased every year since 2008. In that year, there were 138 banks in Denmark, and in 2018, the number was down to 65 banks. Meanwhile, the number of mortgage credit institutions (realkreditinstitutter) was rather stable during that period, the number was kept at eight institutions until 2012, when it decreased by one and stayed at seven until 2018.