Jyske Bank

Last updated
Jyske Bank A/S
Company type Aktieselskab
Nasdaq Copenhagen:  JYSK
Industry Financial services
Founded1967;58 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]

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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)