Danske Bank

Danske Bank is the largest bank in Denmark. It includes Danske Bank Group, BG Bank, Realkredit Danmark, Danica Pension and other parts, and provides a wide range of financial services, including insurance, mortgage finance, property management and real estate services.

The bank serves more than 3 million retail customers and some important companies and associations in Denmark, Norway, Sweden, Northern Ireland and the Republic of Ireland, and has a large number of international corporate customers in the Nordic market. About 850,000 customers use the banks online services.

Danske Banks international business has achieved remarkable success in the 1990s. Its domestic branches have made great progress in attracting deposits from foreign residents and lending to foreign residents, and its foreign branches have made great progress in attracting corporate deposits and lending to foreign companies.

In terms of honors, on May 14, 2021, Danske Bank ranked 411th in the 2021 Forbes Global 2000 list; in May 2020, it ranked 398th in the 2020 Forbes Global 2000 list; in 2023, the "2023 Forbes Global 2000" list was released, and Danske Bank ranked 689th.

However, Danske Bank has been involved in some negative events. For example, in 2018, the bank was exposed to a money laundering scandal involving its Estonian branch, and subsequently suspended stock buybacks to deal with potential fines. On April 19, 2021, the banks CEO Chris Vogelzang was replaced after becoming the target of an anti-money laundering investigation in the Netherlands. At the end of 2022, Danske Bank reached a settlement with US and Danish authorities and agreed to pay a total of $2 billion in fines. However, on February 2, 2024, the bank announced its first share buyback plan in six years, marking its gradual emergence from the shadow of the money laundering scandal.