Jyske Bank

Last updated
Jyske Bank A/S
Type Aktieselskab
Nasdaq Copenhagen:  JYSK
Industry Financial services
Founded1967;57 years ago (1967)
Headquarters Silkeborg, Denmark
Key people
Kurt Bligaard Pedersen (Chairman), Anders Dam (CEO)
Products Retail, private and business banking
Revenue DKK 6.067 billion (2010) [1]
DKK 757.2 million (2010) [1]
Total assets DKK 244.1 billion (end 2010) [1]
Total equity DKK 13.35 billion (end 2010) [1]
Number of employees
3,363 (FTE, end of Q3 2020) [1]
Website jyskebank.com

Jyske Bank A/S is the third largest Danish bank in terms of market share.

Contents

The headquarters are located in Silkeborg, and the bank has 98 branches, in Denmark, and a single one in Germany (Hamburg). It is the second-largest bank to be listed on the Copenhagen Stock Exchange, and it is the largest bank in Denmark headquartered outside Copenhagen. [2]

The current CEO of Jyske Bank is Anders Dam. The bank employs over 3350 individuals (as of the end of Q3, 2020).

History

Jyske Bank is the result of the merger in 1967 of four banks from the mid-Jutland area: Silkeborg Bank, Kjellerup Bank, Kjellerup Handels- og Landbobank, and the Handels- og Landbrugsbank in Silkeborg. These banks trace their roots back to the mid-19th Century.

International operations

Jyske Bank, Frederikssund. Jyske Bank Frederikssund.png
Jyske Bank, Frederikssund.
Jyske Bank Boxen arena in Herning. Jyske Bank Boxen, venue of the 2013 European SC Swimming Championships (7973316130).jpg
Jyske Bank Boxen arena in Herning.
  • Jyske Bank acquired Banco Galliano (est. 1855), a family-owned bank and the oldest bank in Gibraltar.
  • Jyske Bank acquired Hamburger Handelsbank (est. 1921), giving it a branch in Hamburg.
  • Jyske Bank established a representative office in Poland to conduct private banking.
  • Jyske Bank acquired 60% of Berben's Effectenkantoor in Echt, Netherlands.

Subsidiaries

Remaining international branches or subsidiaries

Products

Jyske Bank offers a range of banking products, including savings and loans, mortgages, private banking, and business banking.

Controversies

Jyske Bank was mentioned in the Panama Papers and the bank was used by Sergei Pugachev for money laundering. [5] In 2018 the Danish FSA criticised the bank for insufficient measures to prevent money laundering. [6]

Related Research Articles

<span class="mw-page-title-main">Nordea</span> Nordic financial institution

Nordea Bank Abp, commonly referred to as Nordea, is a Nordic financial services group operating in northern Europe with headquarters in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The bank is the result of the successive mergers and acquisitions of the Finnish, Swedish, Danish, and Norwegian banks of Merita Bank, Nordbanken, Unidanmark, and Christiania Bank og Kreditkasse that took place between 1997 and 2001. The Nordic countries are considered Nordea's home market, having finalised the sales of their Polish bank in 2014, Baltic operations in 2019 and completed the exit from Russia in early 2022 following a 2019 decision to close the business there.Nordea is listed on Nasdaq Nordic exchanges in Helsinki, Copenhagen, and Stockholm and Nordea ADR is listed in the US.

<span class="mw-page-title-main">Swedbank</span> Swedish banking group

Swedbank AB is a Nordic-Baltic banking group based in Stockholm, Sweden, offering retail banking, asset management, financial, and other services. Swedbank has a leading presence in Estonia and has a strong presence in Latvia and Lithuania.

<span class="mw-page-title-main">Handelsbanken</span> Swedish bank

Svenska Handelsbanken AB is a Swedish bank providing banking services including traditional corporate transactions, investment banking and trading as well as consumer banking including insurance. Handelsbanken is one of the major banks in Sweden with a nationwide branch network.

<span class="mw-page-title-main">Danske Bank</span> Bank headquartered in Denmark

Danske Bank A/S is a Danish multinational banking and financial services corporation. Headquartered in Copenhagen, it is the largest bank in Denmark and a major retail bank in the northern European region with over 5 million retail customers. Danske Bank was number 454 on the Fortune Global 500 list for 2011. The largest shareholder with 21% of the share capital is A.P. Moller Holding, the investment holding company of the Maersk family.

<span class="mw-page-title-main">OCBC Bank</span> Singaporean multinational banking and financial services corporation

Oversea-Chinese Banking Corporation, Limited, abbreviated as OCBC, is a Singaporean multinational banking and financial services corporation headquartered in the OCBC Centre. OCBC was created in 1932 during the Great Depression with the consolidation of three predecessor banks, the Chinese Commercial Bank Limited, the Ho Hong Bank Limited, and the Oversea-Chinese Bank Limited.

<span class="mw-page-title-main">Commerzbank</span> German commercial bank

Commerzbank AG is a global German universal bank headquartered at Commerzbank Tower in Frankfurt. The bank was founded in Hamburg in 1870 and is today among the largest credit institutions in Germany, with total assets of €534 billion as of the end of September 2022. With over 15 percent ownership, the Government of Germany is the bank's biggest shareholder.

<span class="mw-page-title-main">JN Data A/S</span> Danish IT company

JN Data is a Danish IT company focused on the delivery of IT-operations and infrastructure to the financial sector. The company is owned by Jyske Bank A/S, Nykredit Realkredit A/S, BEC, Bankdata and SDC and has around 670 employees. In Denmark JN Data has locations in Silkeborg and Roskilde, and besides that the company have around 180 IT consultants in Poland.

<span class="mw-page-title-main">Finansbanken</span>

Finansbanken is a Danish bank that was founded on September 27, 1979, with the name "Den Københavnske Bank". The bank's name was later changed to "Finansbanken". It was later sold to Sparekassen Lolland and operates as a subsidiary. It is headquartered in Copenhagen, Denmark.

Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It is India's third largest private sector bank by assets and Fourth largest by Market capitalisation. It sells financial services to large and mid-size companies, SMEs and retail businesses.

<span class="mw-page-title-main">S-Bank</span> Finnish cooperative retail banking organization

S-Bank Plc is a Finnish retail bank and wealth manager. It is owned by SOK Corporation and the regional co-operatives in the S-Group, a Finnish retailing cooperative organisation.

HSBC Guyerzeller Bank AG, a member of the HSBC Group, was a Swiss private bank advising individuals and families in all matters of wealth management, investment advice and trust services. Its head office was in Zurich, and it had two branches in Geneva, as well as representative offices in Hong Kong and Istanbul. It had 360 employees and about CHF 29 billion in assets under management. It is now subsumed under HSBC Private Bank.

<span class="mw-page-title-main">Berenberg Bank</span> Multinational full-service investment bank

Joh. Berenberg, Gossler & Co. KG, commonly known as Berenberg Bank and also branded as simply Berenberg, is a multinational full-service private and merchant bank headquartered in Hamburg, Germany.

Sydbank A/S is one of Denmark's largest full service banks headquartered in Aabenraa. Sydbank was founded in 1970 with the merger of four local banks based in Southern Jutland: Den Nordslesvigske Folkebank (Aabenraa); Graasten Bank (Gråsten); Folkebanken for Als og Sundeved (Sønderborg) and Tønder Landmandsbank (Tønder). It has since then grown considerably through mergers and acquisitions, one of the latest being DiskontoBanken of Næstved, which was delisted on the Copenhagen stock exchange as of 15 January 2014.

<span class="mw-page-title-main">United Overseas Bank</span> Singaporean multinational banking firm

United Overseas Bank Limited, often known as UOB, is a Singaporean multinational bank headquartered at Raffles Place, Singapore, with branches mostly found in Southeast Asia countries. It is one of the three "big local banks" in the country, the other two being DBS Bank and OCBC Bank.

The Bank of Singapore is the private banking arm of OCBC Bank. Formerly known as ING Asia Private Bank, it was acquired by OCBC Bank in 2009 from ING Group for US$1.46 billion. As of 30 September 2023, Bank of Singapore's total assets under management (AUM) was US$116 billion.

<span class="mw-page-title-main">CBH Bank</span> Swiss bank

CBH Compagnie Bancaire Helvétique SA was created in 1975 as a brokerage company known as stock and commodities services. In 1991, it obtained full banking license in Switzerland. The group currently employs approximately 260 employees. The current general manager is Philippe Cordonier. The bank is located in Geneva in the Canton of Geneva in Switzerland, and specialized in private banking and asset management.

<span class="mw-page-title-main">Business- and Agricultural Bank of Jutland</span> Building in Aarhus, Denmark

Business- and Agricultural Bank of Jutland is a listed building and a former Danish bank in Aarhus.

<span class="mw-page-title-main">David B. Adler</span>

David Baruch Adler was a Jewish-Danish banker, politician and philanthropist. He founded Kjøbenhavns Handelsbank in 1875.

References

  1. 1 2 3 4 5 "Annual Report 2010" (PDF). Jyske Bank. Archived from the original (PDF) on July 18, 2011. Retrieved 3 March 2011.
  2. Jyske Bank is larger than Sydbank, which has its headquarters in Aabenraa.
  3. "Handelsbanken confirms discussions with Jyske Bank". News Powered by Cision. Retrieved 2022-06-15.
  4. Bank Profile: Jyske Bank A/S, Filiale Hamburg
  5. Russisk rigmand skjulte millioner gennem Jyske Bank
  6. Redegørelse om inspektion i Jyske Bank A/S (hvidvaskområdet)