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Denmark's largest bank, providing retail, business and corporate banking mainly across the Nordic region.
Denmark's largest bank, providing retail, business and corporate banking mainly across the Nordic region.
Earns from mortgages through its mortgage arm Realkredit Danmark and other lending over deposit costs, with fees from asset management, pensions and trading. A.P. Moller Holding, the Maersk family's investment vehicle, is the largest shareholder. It closed its Estonian branch and non-resident business after the money-laundering scandal.
In one line: A Danish universal bank, largest in its home market..
Moat: narrow (scale, distribution, brand). Largest bank in Denmark with deep retail and corporate relationships across the Nordics.
Headquarters: Copenhagen, Denmark · Founded: 1871 · Employees: 20,026
Size Danske Bank A/S (DANSKE.CO) is a Denmark Financials company (Major Banks) with a market value of $42.4B, the 4th largest of 59 Denmark companies the cockpit tracks. Shares closed at DKK 357.20 on 6 Nov 2026.
Performance Over six months the shares gained 10.9%, against +4.8% for the median peer and +8.8% for the Denmark market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 8.1% over the last twelve months (peer median +4.4%); the operating margin is 26.3% (peer median 39.2%).
Valuation It trades at 1.68× book value against a peer median of 1.58× (11th cheapest of 21).
Price implies The share price implies a return on equity of about 6.1%; Danske Bank A/S delivers 14.1%, so the price asks less than the business earns today.
Credit Danske Bank A/S has 43 bonds outstanding ($32.3B), rated A- by the agencies and trading like BBB+ at a weighted spread of 77 bp.
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | DKK 164B | DKK 125B | DKK 153B | DKK 138B | DKK 137B |
| Revenue growth | — | -18% | +11% | 0% | — |
| Net income | DKK 24.6B | DKK 23.0B | DKK 23.6B | DKK 21.3B | -DKK 4.67B |
| Free cash flow | DKK 21.8B | DKK 34.5B | DKK 26.6B | DKK 13.6B | DKK 27.4B |
| Capital expenditure | DKK 2.14B | DKK 2.00B | DKK 2.26B | DKK 1.38B | DKK 1.39B |
| Total debt | DKK 1.33T | DKK 1.49T | DKK 1.42T | DKK 1.37T | DKK 1.28T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Danske Bank A/S DANSKE.CO | $42.4B | +11% | +8% | 14% | 1.68× | 6.1% |
| Nordea Bank Abp NDA-FI.HE | $62.3B | +6% | +3% | 15% | 1.77× | 14.6% |
| Skandinaviska Enskilda Banken SEB-A.ST | $42.9B | +20% | -8% | 14% | 1.80× | 9.5% |
| Svenska Handelsbanken SHB-A.ST | $32.6B | +23% | -14% | 12% | 1.68× | 9.0% |
| DNB Bank DNB.OL | $50.0B | +16% | -8% | 15% | 1.76× | 11.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DANSKE.CO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.7% | 0.0% | 9th highest of 21 |
| 6-month return | +10.9% | +4.8% | 9th highest of 21 |
| Return on equity | 14.1% | 13.7% | 10th highest of 21 |
| Price / book | 1.68× | 1.58× | 11th cheapest of 21 |
| Trailing P/E | 11.8× | 12.3× | 6th cheapest of 21 |
| ROE the price implies | 6.1% | 12.2% | 3rd least demanding of 21 |
| ROE delivered | 14.1% | 13.9% | 10th highest of 20 |
| Bond spread | 77 bp | 82 bp | 4th tightest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Danske Bank A/S DANSKE.CO | Denmark | $42.4B | +11% | +8% | 14% | 1.68× | 6.1% | 14.1% |
| Skandinaviska Enskilda Banken SEB-A.ST | Sweden | $42.9B | +20% | -8% | 14% | 1.80× | 9.5% | 13.5% |
| Axis Bank AXISBANK.NS | India | $43.6B | +2% | +7% | 14% | 1.78× | 25.1% | 13.9% |
| Swedbank SWED-A.ST | Sweden | $46.0B | +25% | -5% | 14% | 2.09× | 13.2% | 14.3% |
| United Overseas Bank U11.SI | Singapore | $47.6B | 0% | -10% | 10% | 1.23× | 9.2% | 9.8% |
| PKO Bank Polski PKO.WA | Poland | $36.5B | +18% | -2% | 20% | 2.56× | 31.9% | 20.1% |
| DNB Bank DNB.OL | Norway | $50.0B | +16% | -8% | 15% | 1.76× | 11.2% | 15.1% |
| Kotak Mahindra Bank KOTAKBANK.NS | India | $50.5B | +27% | +12% | 12% | 2.45× | 29.5% | 11.8% |
| Societe Generale GLE.PA | France | $52.0B | -5% | +9% | 9% | 0.78× | 10.0% | 9.5% |
| Ping An Bank 000001.SZ | China | $34.4B | +3% | -9% | 9% | 0.48× | 3.6% | 9.0% |
| Svenska Handelsbanken SHB-A.ST | Sweden | $32.6B | +23% | -14% | 12% | 1.68× | 9.0% | 12.2% |
| Huntington Bancshares HBAN | United States | $31.2B | -3% | +24% | 9% | 1.06× | 10.2% | 9.1% |
| BPER Banca BPE.MI | Italy | $30.4B | +2% | +15% | 15% | 1.49× | 18.6% | 14.9% |
| National Bank of Canada NA.TO | Canada | $59.3B | +4% | +8% | 14% | 2.62× | 20.1% | 14.3% |
| Standard Chartered STAN.L | United Kingdom | $60.9B | +14% | -10% | 13% | 1.37× | 16.9% | 12.8% |
| ShinhanGroup 055550.KS | South Korea | $29.2B | -13% | +32% | 9% | 0.78× | 5.2% | n/a |
| Nordea Bank Abp NDA-FI.HE | Finland | $62.3B | +6% | +3% | 15% | 1.77× | 14.6% | 14.9% |
| NatWest NWG.L | United Kingdom | $62.3B | +4% | +3% | 16% | 1.21× | 15.8% | 15.9% |
| Credicorp BAP | United States | $27.6B | +5% | +24% | 21% | 2.47× | 17.9% | 20.6% |
| Banco Bradesco SA Sponsored ADR Pfd BBD | United States | $27.5B | -32% | +29% | 14% | 0.71× | 6.2% | 14.2% |
| Sumitomo Mitsui Trust Gp 8309.T | Japan | $27.4B | +38% | +5% | 11% | 1.18× | 7.5% | 10.9% |
Danske Bank A/S has 43 bonds outstanding with $32.3B face value. The agencies rate it A-; its bonds trade like BBB+. Weighted yield 5.21%, a spread of 77 bp over government bonds.