The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Denmark

Best bank
Danske Bank Best debt house
JPMorgan

Best equities house
Danske Bank

Best M&A house
Carnegie Investment Bank

Dankse Bank and Nordea dominate in Denmark, with almost 60% of the market. Danske is the larger, with DKr1,826 billion ($298 billion) in assets, and has a 28% market share of lending and 35% of deposits. It is also strong in investment banking, insurance and asset management.

Danske?s net profit reached Dkr9,286 million, its best results ever. The bank lowered its cost/income ratio to 55%, compared with 57.2% in 2002. Year on year, the bank increased its EPS by 13%, lowered cost/income to 51.6% and increased core earnings by 3% to reach Dkr2,937 million. In April, Moody?s upgraded Danske?s long-term rating from Aa2 to Aa1.

Both JPMorgan and BarCap were strong contenders for best debt house. Both were strong in bond issuance for sovereigns and financials and in loans. However, JPMorgan advised a on the largest loan transaction in the region in 2004 to date, a e2.45 billion acquisition financing facility for Carlsberg.

Primary equity market activity in Denmark has been light. The biggest equity deal was the DKr3,423.5 million rights issue for Carlsberg in April.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree