Market penetration of banks for Danish large corporations in 2020

Danske Bank, Nordea, and Nykredit Bank were the three leading banks for large corporations in Denmark in 2020. Of the three, Danske Bank registered the highest market penetration rate, which reached 82 percent. The two following leading banks for large corporations, Nordea and Nykredit Bank, had a market penetration rate of 74 percent and 47 percent, respectively.

The largest Danish banks

   The Denmark-based Danske Bank did not only have the highest market penetration rate for large corporations, but ranked as the leading bank in Denmark overall, with total assets amounting to approximately 3.58 trillion Danish kroner. Nykredit was the fourth largest bank in Denmark in terms of total assets, after Jyske Bank and Sydbank.

Nordea is the leading bank in Finland

   After a move of headquarters from Stockholm in 2018, Nordea is now headquartered in Helsinki. The bank then overtook OP Financial Group as the largest bank in Finland. The bank's total assets in reached around 555 billion euros in 2019.

Leading banks for large corporations in Denmark in 2020, by market penetration rate*

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Release date

March 2020



Survey time period

August to November 2020

Number of respondents


Special properties

CFOs, finance directors and treasurers of top-tier companies.

Supplementary notes

* The market penetration rate represents the proportion of respondents that consider each bank an important provider of corporate banking services.
** Source states 'Interviews were conducted throughout Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom'.

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