Jyske Bank

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Jyske Bank A/S
Type Publicly traded Aktieselskab (OMXJYSK)
Industry Financial services
Founded 1967
Headquarters Silkeborg, Denmark
Key people Sven Buhrkall (Chairman), Anders Dam (CEO)
Products Retail, private and business banking, factoring
Revenue DKK 6.067 billion (2010)[1]
Profit DKK 757.2 million (2010)[1]
Total assets DKK 244.1 billion (end 2010)[1]
Total equity DKK 13.35 billion (end 2010)[1]
Employees 3,850 (FTE, end 2010)[1]
Website www.jyskebank.dk

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 offices, branches, or subsidiaries in Denmark, France, Germany, Gibraltar, the Netherlands, and Switzerland.

Jyske Bank is third largest bank in Denmark in terms of share of the Danish banking market (approx. 7%), it is the third-largest bank to be listed on Copenhagen Stock Exchange, and it is the largest bank in Denmark to be headquartered outside Copenhagen.[2]

The current CEO of Jyske Bank is Anders Dam. The bank employs some 4000 individuals.

History[edit]

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 Lolland

International operations[edit]

  • 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) in Gibraltar, a family-owned bank and the oldest bank in the colony.
  • 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.

Subsidiaries[edit]

International branches or subsidiaries[edit]

  • Jyske Bank (Schweiz)
  • Jyske Bank Ltd. (Gibraltar)
  • Jyske Bank, Filiale Hamburg (Germany)
  • Jyske Bank (France)
  • Berben's Effectenkantoor B.V. (Netherlands)

Products[edit]

Jyske Bank offers a range of banking products including savings & loans, mortgages, Private Banking, offshore banking and business banking.

References[edit]

  1. ^ a b c d e "Annual Report 2010". Jyske Bank. Retrieved 3 March 2011. 
  2. ^ Jyske Bank is larger than Sydbank, who has its headqaurters in Aabenraa.

External links[edit]