Jyske Bank: Difference between revisions

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{{Short description|Danish bank}}

'''Jyske Bank A/S''' is the second-largest [[publicly-owned]] bank in [[Denmark]]. Its headquarters are located in [[Silkeborg]], and the Bank has offices, branches, or subsidiaries in Denmark, France, Germany, Gibraltar, Poland, The Netherlands, Switzerland, and the United Kingdom.

{{More citations needed|date=January 2022}}

{{Infobox company

*| name = Jyske Bank (Spain)A/S

[[da:| logo = Jyske Bank]].svg

| logo_size = 250px

| image = File:Jyske Banks headquarters.jpg

| image_caption = Jyske Bank's headquarters in [[Silkeborg]], [[Denmark]].

| type = [[Aktieselskab]]

| traded_as = {{OMX|CSE1587|JYSK}}

| foundation = {{start date and age|1967}}

| ___location = [[Silkeborg]], Denmark

| key_people = Kurt Bligaard Pedersen <small>([[Chairman]])</small>, Anders Dam <small>([[chief executive officer|CEO]])</small>

| industry = [[Financial services]]

| products = [[Retail banking|Retail]], [[private bank|private]] and [[Commercial bank|business banking]]

| revenue = [[Danish krone|DKK]] 6.067 billion <small>(2010)</small><ref name="AR2010">{{cite web |url=http://www.jyskebank.dk/_jb/commoninc/bin.asp?id=297573&src=jyskebank_annualreport2010.pdf |archive-url=https://web.archive.org/web/20110718163802/http://www.jyskebank.dk/_jb/commoninc/bin.asp?id=297573&src=jyskebank_annualreport2010.pdf |url-status=dead |archive-date=July 18, 2011 |title=Annual Report 2010 |access-date=3 March 2011 |publisher=Jyske Bank }}</ref>

| net_income = DKK 757.2 million <small>(2010)</small><ref name="AR2010" />

| assets = DKK 244.1 billion <small>(end 2010)</small><ref name="AR2010" />

| equity = DKK 13.35 billion <small>(end 2010)</small><ref name="AR2010" />

| num_employees = 3,363 <small>([[full-time equivalent|FTE]], end of Q3 2020)</small><ref name="AR2010" />

| homepage = {{URL|jyskebank.com}}

}}

'''Jyske Bank A/S''' is the third largest [[Denmark|Danish]] bank in terms of market share.

Jyske Bank profiles itself on an informal approach to banking, having abandonned the traditional bank counter-interior in 1998 in favour of an open banking environment, where the customer service agents are seated at round tables with 4-8 agents at each.

The headquarters are located in [[Silkeborg]], and the bank has 98 branches, in Denmark, and a single one in Germany (Hamburg). It is the second-largest bank to be listed on the Copenhagen Stock Exchange, and it is the largest bank in Denmark headquartered outside Copenhagen.<ref>Jyske Bank is larger than [[Sydbank]], which has its headquarters in [[Aabenraa]].</ref>

On 21. september 2006 a further remodelling was launched, this time using visual retorics based on retail rather than banking. Each bank branch now featured a cafe, a play corner for the kids and information on products were gathered in themed boxes that can be scanned at info stations for more information on the box content. The boxes can also be taken home for closer examination.

The current CEO of Jyske Bank is Anders Dam. The bank employs over 3350 individuals (as of the end of Q3, 2020).

==History==

{{Unreferenced section|date=January 2025}}

Jyske Bank is the result of the merger in [[1967]] of four banks from the mid-[[Jutland]] area: [[Silkeborg]] Bank, [[Kjellerup]] Bank, Kjellerup Handels- og Landbobank, and the Handels- og Landbrugsbank in Silkeborg. These banks trace their roots back to the mid-19th Century.

*[[1968]] -– Jyske Bank acquired Banken for Brædstrup og Omegn.

*[[1970]] -– Jyske Bank acquired Samsø Bank.

*[[1970]] -– Jyske Bank acquired Odder Landbobank.

*[[1981]] -– Jyske Bank acquired [[Copenhagen]]-based Finansbanken, giving it national coverage.

*[[1983]] -– Jyske Bank acquired Vendelbobanken.

*[[1989]] -– Jyske Bank acquired Holstebro Bank.

*2011 – Jyske Bank acquired most of Fjordbank Mors.

*2013 – Jyske Bank acquired Spar Lolland201

*2014 – Jyske Bank acquired BRFkredit A/S

*2022– Jyske Bank acquired the Danish branch of Svenska Handelsbanken

==International Expansionoperations==

[[File:Jyske Bank Frederikssund.png|thumb|Jyske Bank, [[Frederikssund]].]]

*[[1981]] - With its merger with Finansbanken, Jyske Bank acquires the subsidiary in [[Zurich, Switzerland]] that Finansbanken had established in [[1970]] under the name Finanz- und Investmentbank. This is the oldest Scandinavian-owned subsidiary in [[Switzerland]]. In [[1985]] the subsidiary’s name becomes Jyske Bank (Schweiz).

[[File:Jyske Bank Boxen, venue of the 2013 European SC Swimming Championships (7973316130).jpg|thumb|Jyske Bank Boxen arena in [[Herning]].]]

*[[1983]] - Jyske Bank establishes an office in [[London]] and three years later upgrades it to a branch.

*[[1981]] -– With its merger with Finansbanken, Jyske Bank acquiresacquired the subsidiary in [[Zurich]], [[Switzerland]], that Finansbanken had established in [[1970]] under the name Finanz- und Investmentbank. This is the oldest Scandinavian-owned subsidiary in [[Switzerland]]. In [[1985]] the subsidiary’ssubsidiary's name becomesbecame Jyske Bank (Schweiz).

*[[1985]] - Jyske Bank established Jyske Bank Private Banking in [[Fuengirola]] on the Spanish [[Costa del Sol]].

*[[1983]] -– Jyske Bank establishesestablished an office in [[London]] and three years later upgradesupgraded it to a branch.

*[[1987]] - Jyske Bank acquires [[Banco Galliano]] (est. [[1855]]) in Gibraltar, a family-owned bank and the oldest bank in the colony.

*[[1985]]1984 -– Jyske Bank established a representative office of Jyske Bank Private Banking in [[Fuengirola]] on the Spanish [[Costa del Sol]].

*[[1987]] - Jyske Bank acquires Hamburger Handelsbank (est. 1921), giving it a branch in [[Hamburg]].

*1987

*[[2002]] - Jyske bank forms a strategic alliance with [[Nykredit]] to become a major player in the Danish finance industry.

:*[[2003]] - Jyske Bank establishesacquired an[[Banco officeGalliano]] to(est. conduct1855), privatea bankingfamily-owned in Cannes,bank onand the Frencholdest bank in [[Côte d’AzurGibraltar]].

:*[[1987]] - Jyske Bank acquiresacquired Hamburger Handelsbank (est. 1921), giving it a branch in [[Hamburg]].

*[[2004]] - Jyske Bank establishes a subsidiary in Poland to conduct private banking.

*1988 – Jyske Bank converted its representative office in Spain into a subsidiary that it later converted back to a representative office.

*[[2002]] -– Jyske bank formsformed a strategic alliance with [[Nykredit]] to become a major playeractor in the Danish finance industry.

*2003 – Jyske Bank established representative office for Jyske Bank Private Banking in [[Cannes]], on the French [[Côte d'Azur]].

*2004

:*[[2004]] - Jyske Bank establishesestablished a subsidiaryrepresentative office in Poland to conduct private banking.

:* Jyske Bank acquired 60% of Berben's Effectenkantoor B.V.in [[Echt, (Netherlands)]].

*2007 – Jyske Bank Private Banking closed the offices in [[Warsaw]] and [[Fuengirola]].

*2008 – Jyske Bank closed its branch in London.

*2014 – Jyske Bank sells Berben's Effectenkantoor

*2015 – Jyske Bank closes Jyske Bank (Schweiz)

*2020 – Jyske Bank sells Jyske Bank (Gibraltar) Ltd. — leaving the Hamburg branch as the only one outside Denmark.

*2022 - Jyske Bank confirm discussions on the acquisition of [[Handelsbanken]] Danish Operations.<ref>{{Cite web |title=Handelsbanken confirms discussions with Jyske Bank |url=https://news.cision.com/handelsbanken/r/handelsbanken-confirms-discussions-with-jyske-bank,c3586384 |access-date=2022-06-15 |website=News Powered by Cision |language=en}}</ref>

==Subsidiaries==

* [[JN Data A/S]]

* [[Jyske Finans A/S]]

** Bil & SejlerFinans A/S (sub of Jyske Finans A/S)

* Gl. Skovridergaard A/S

* [[Silkeborg Datacentral A/S]]

* Nordisk Factoring A/S

==BankingRemaining international branches or subsidiaries==

* Jyske Bank, Filiale Hamburg (Germany) <ref>[https://thebanks.eu/banks/11365 Bank Profile: Jyske Bank A/S, Filiale Hamburg]</ref>

* Jyske Bank (Schweiz)

* Jyske Bank Ltd. (Gibraltar)

* Jyske Bank, Filiale Hamburg (Germany)

* Jyske Bank (Spain)

* Jyske Bank, London Branch (United Kingdom)

* Jyske Bank (France)

* Berben's Effectenkantoor B.V. (Netherlands)

* Jyske Bank (Poland)

==External linksProducts==

{{Unreferenced section|date=January 2025}}

*[http://www.jyskebank.dk/ Official site]

Jyske Bank offers a range of banking products, including savings and loans, mortgages, private banking, and business banking.

==Controversies==

Jyske Bank was mentioned in the [[Panama Papers]] and the bank was used by [[Sergei Pugachev]] for money laundering.<ref>{{citation |url=https://www.dr.dk/nyheder/penge/russisk-rigmand-skjulte-millioner-gennem-jyske-bank |title=Russisk rigmand skjulte millioner gennem Jyske Bank}}</ref> In 2018 the Danish FSA criticised the bank for insufficient measures to prevent money laundering.<ref>{{citation |url=https://finanstilsynet.dk/Tilsyn/Vurderinger-af-finansielle-virksomheder/2018/Jyskebank-hvidvask-091118 |title=Redegørelse om inspektion i Jyske Bank A/S (hvidvaskområdet)}}</ref>

==References==

{{Portal|Banks}}

{{Reflist}}

==External links==

{{Commons category}}

*{{Official website|https://www.jyskebank.com}}

*[https://thebanks.eu/banks/12911 Bank Profile: Jyske Bank A/S]

{{OMX Copenhagen 20 companies}}

[[category:Banks of Denmark]]

{{Members of Euro Banking Association}}

{{Authority control}}

[[Category:Companies listed on Nasdaq Copenhagen]]

[[da:Jyske Bank]]

[[Category:Companies in the OMX Copenhagen 25]]

[[categoryCategory:Banks of Denmark]]

[[Category:Companies based in Silkeborg Municipality]]

[[Category:Danish companies established in 1967]]