Nordic and Baltic Awards for Excellence 2013: By country

Denmark

Best Bank: Nordea
Best Investment Bank: Carnegie

The Danish economy and banking sector are not in great shape. The country is in a recession and might struggle to emerge from it this year. In June, Danske Bank announced a rights issue and small lender Amagerbanken collapsed – the 11th Danish bank to do so since the 2008 financial crisis.

So looking for a strong and well-capitalized bank that has performed well in Denmark in the past year has been tricky, but one bank that is both well capitalized and profitable, despite rising loan losses, is Nordea.