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Jyske Bank

From Wikipedia, the free encyclopedia
Jyske Bank A/S
Company typeAktieselskab
Nasdaq CopenhagenJYSK
IndustryFinancial services
Founded1967; 57 years ago (1967)
HeadquartersSilkeborg, Denmark
Key people
Kurt Bligaard Pedersen (Chairman), Anders Dam (CEO)
ProductsRetail, private and business banking
RevenueDKK 6.067 billion (2010)[1]
DKK 757.2 million (2010)[1]
Total assetsDKK 244.1 billion (end 2010)[1]
Total equityDKK 13.35 billion (end 2010)[1]
Number of employees
3,363 (FTE, end of Q3 2020)[1]
Websitejyskebank.com

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

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

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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.

  • 1968 – Jyske Bank acquired Banken for Brædstrup og Omegn.
  • 1970 – Jyske Bank acquired Samsø Bank.
  • 1970 – Jyske Bank acquired Odder Landbobank.
  • 1981 – Jyske Bank acquired Copenhagen-based Finansbanken, giving it national coverage.
  • 1983 – Jyske Bank acquired Vendelbobanken.
  • 1989 – Jyske Bank acquired Holstebro Bank.
  • 2011 – Jyske Bank acquired most of Fjordbank Mors.
  • 2013 – Jyske Bank acquired Spar Lolland201
  • 2014 – Jyske Bank acquired BRFkredit A/S
  • 2022– Jyske Bank acquired the Danish branch of Svenska Handelsbanken

International operations

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Jyske Bank, Frederikssund.
Jyske Bank Boxen arena in Herning.
  • 1981 – With its merger with Finansbanken, Jyske Bank acquired the subsidiary in Zürich, Switzerland, that Finansbanken had established in 1970 under the name Finanz- und Investmentbank. This is the oldest Scandinavian-owned subsidiary in Switzerland. In 1985 the subsidiary's name became Jyske Bank (Schweiz).
  • 1983 – Jyske Bank established an office in London and three years later upgraded it to a branch.
  • 1984 – Jyske Bank established a representative office of Jyske Bank Private Banking in Fuengirola on the Spanish Costa del Sol.
  • 1987
  • 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.
  • 1988 – Jyske Bank converted its representative office in Spain into a subsidiary that it later converted back to a representative office.
  • 2002 – Jyske bank formed a strategic alliance with Nykredit to become a major actor in the Danish finance industry.
  • 2003 – Jyske Bank established representative office for Jyske Bank Private Banking in Cannes, on the French Côte d'Azur.
  • 2004
  • Jyske Bank established a representative office in Poland to conduct private banking.
  • Jyske Bank acquired 60% of Berben's Effectenkantoor in Echt, Netherlands.
  • 2007 – Jyske Bank Private Banking closed the offices in Warsaw and Fuengirola.
  • 2008 – Jyske Bank closed its branch in London.
  • 2014 – Jyske Bank sells Berben's Effectenkantoor
  • 2015 – Jyske Bank closes Jyske Bank Schweiz
  • 2020 – Jyske Bank sells Jyske Bank (Gibraltar) Ltd. — leaving the Hamburg branch as the only one outside Denmark.
  • 2022 - Jyske Bank confirm discussions on the acquisition of Handelsbanken Danish Operations.[3]

Subsidiaries

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Remaining international branches or subsidiaries

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  • Jyske Bank, Filiale Hamburg (Germany) [4]

Products

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

Controversies

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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]

References

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  1. ^ a b c d e "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)
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