Danske Bank (Danish: Danske Bank), literally translated as "Danske Bank", is the largest bank in Denmark.

Danske Bank is the third largest bank in Finland. The goal is to develop a strong position by providing solutions and tools that make day-to-day banking and important financial decisions easy.

From the beginning, banks have played a key role in the development of modern banking in Finland. In the late 1800s, banking became very easy with the introduction of the first modern payment system, postal giro (post office transfer). Finnish customers were the first in the world to be able to handle banking over the phone.

Banking in its current form began in Finland in 1887, when the Finnish government established the Postal Savings Bank, which operates in post offices. The Finnish government has run this business for over a hundred years, from taking deposits to financing Finland's growing manufacturing industry and building housing. Over the years, the bank has grown through several mergers and in 2007 became part of Danske Bank.

The Danske Bank headquarters organization merged with its parent company, Danske Bank A/S, on December 31, 2017. Danske Bank's banking services in Finland are provided by Danske Bank A/S Finnish branch. The Danske Bank Finland country manager is Stojko Gjurovski.

History

Founded on October 5, 1871, originally called Den Danske Landmandsbank, Hypothek- og Vexelbank i Kjøbenhavn, headquartered in Copenhagen, Denmark, is the largest bank in Denmark and the largest retail bank in the Nordic region, with 5 million retail customers. Danske Bank was ranked 454th on the Fortune Global 500 list in 2011.

Avender Colin served as Chairperson of the Board from 2012 to 2013, and was succeeded by Thomas F. Borgen after 2013.

Money Laundering Incident

In 2017, the Danish media "Berlingske" (Berlingske) first exposed the use of Danske Bank's Estonian branch for money laundering, involving 3.90 billion US dollars. Then the media obtained the bank statements of 20 companies that opened accounts at Danske Bank's Estonian branch between 2007 and 2015. After comparison, it was found that Danske Bank's money laundering amount was more than twice the original estimate, and the actual amount may be as high as 8.30 billion US dollars.

In 2018, the British "Financial Times" reported that the money laundering amount of the Estonian branch of Danske Bank was as high as 30 billion US dollars in 2013 alone. At that time, some media ironically claimed that Estonia's GDP in 2013 was 25 billion US dollars, while the money laundering amount of the Estonian branch of Danske Bank exceeded the country's GDP level.

Company Type Listed company Stock code OMX: DANSKEISINDK0010274414 Founded 1871, 152 years ago Headquarters, Denmark Copenhagen Industry Financial Services Products Banking, Insurance, Investment Management Turnover DKK 43.866 billion Net Profit DKK 3.846 billion Total Assets DKK 3.453 trillion NAV DKK 147.40 billion Owner APMH Invest, BlackRock, Number of Employees 18,478 Website www.danskebank.com