Market penetration of banks for Danish large corporations in 2019

Nordea, Danske Bank and Nykredit Bank were the three leading banks for large corporations in Denmark in 2019. Of the three, Nordea had the highest market penetration rate reaching 82 percent, and in 2018, Nordea had 67 thousand corporate and institution customers in Denmark. The two following leading banks for large corporations, Danske bank and Nykredit bank, had a market penetration rate of 79 percent and 50 percent, respectively.

Danish banks

      Nordea, the leading bank for large corporations in Denmark, is since 2018 headquartered in Helsinki after a move of headquarters from Stockholm. The two other banks, Danske bank and Nykredit bank have their headquarters in Denmark. Danske bank was ranked as the leading bank in Denmark in 2018, in terms of total assets, which had a value of 3,578.5 billion Danish kroner. Nykredit bank was ranked fourth, after Jyske Bank and Sydbank, with total assets value of 187.1 billion Danish kroner.

Nordea as leading bank for large corporation in other Nordic countries

   It was not only in Denmark that Nordea was the leading bank for large corporations that year. In Sweden, Nordea had a market penetration rate of 82 percent, followed by SEB, Handelsbanken and Danske bank. It was also the leading bank for large corporations in Finland, with a market penetration rate of 98 percent.

Leading banks for large corporations in Denmark in 2019, by market penetration rate*

Market penetration rate
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Release date

January 2019



Survey time period

August to November 2019

Number of respondents


Special properties

CFOs, finance directors and treasurers of top-tier companies.

Supplementary notes

* The market penetration rate represents the proportion of respondents that consider each bank an important provider of corporate banking services.
** Source states 'Interviews were conducted throughout Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom'.

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Statistics on "Banking industry in the Nordic countries "

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