Denmark

Denmark I Estonia I Finland I Iceland I Latvia I Lithuania I Norway I Sweden The choice of Danske Bank as best bank in Denmark in 2005 is relatively straightforward. In 2005, Denmark’s largest bank posted the best results in its history, with net profits rising from Dkr 9.3 billion to Dkr12.82 billion ($2.16 billion), earnings per share expanding by 42% and the cost-income ratio falling marginally from 52.7% to 52.2%. Granted, Danske’s earnings in 2005 were bolstered by a one-off gain of Dkr1.6 billion in 2005, but the impressive performance continue in the first quarter of 2006 when the bank reported better than expected profits.