Denmark

Best bank: Danske Bank

For Danske Bank, Denmark’s best bank, 2023 was a year of rehabilitation after a difficult period that culminated in the settlement in late 2022 of historic money laundering issues. With a strong financial performance that saw profits nearly double even after adjusting for the regulatory charges in 2022, the bank has come roaring back to life.

Year-on-year revenues rose 30% and expenses fell 4%, even on an adjusted basis. Customer loans were flat, but deposits rose 2% and book value was up 9%.