Denmark: Local banks win market share

Article Abstract:

Local banks in Denmark are boosting market share whereas big banks such as Danske Bank and Unibank are closing branch offices and shedding staff. This emerges from a new survey by Lokale Pengeinstitutter, which is an association for 132 local bank and savings banks. Local banks have this year alone opened 16 new branch offices and hired 217 employees. This brings the total number of branch offices for local banks to around 815. Local banks report a 10% increase in revenues from interest rates and bank charges. Local banks have a market share of around 20% of non-corporate clients whereas Unibank and Danske Bank have a 60% share of the market, major regional banks including Jyske Bank and Sydbank have a 15% market share and the remaining 5% is held by foreign banks and other Danish banks.

Publisher: A/S Forlaget Borsen
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
Denmark, Market information - general, Danske Bank A/S, Jyske Bank, Unibank SAL

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UK: BRASK & COMPANY STARTS BANK IN LONDON

Article Abstract:

Brask & Company, the Danish investment bank, has set up an investment bank in London. Lars-Christian Brask is in talks with medium-sized Danish banks offering to act as a representation office for them in London. According to Lars Christian Brask, the founder of Brask & Company, the bank focuses on capital investment in the IT and technology sector.

Publisher: A/S Forlaget Borsen
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
United Kingdom, BRASK and Co.

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LIECHTENSTEIN: ERSTE BANK ENTERS THE MARKET

Article Abstract:

Erste Sparkasse Bank (Liechtenstein) has started operation. It is the 17th bank in the principality.

Publisher: Unabhaengige Tageszeitungs fuer Oesterreich
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2001
Liechtenstein

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Subjects list: Banks (Finance)
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