The Danske Bank Group's basic organisational structure is shown in the chart below. Certain activities take place in subsidiaries with their own boards of directors and executive boards. You can click on the boxes for further information.
Management structure
The Board of Directors and the Executive Board are responsible for the management of the Group's affairs. The Board of Directors is responsible for the overall organisation of the Group. The Executive Board is responsible for the day-to-day management of the Group and follows the guidelines and instructions set forth by the Board of Directors.
Board of Directors
The Executive Board, the Internal Audit Department and the Board of Directors Secretariat all report to the Board of Directors. No executive officers in the Danske Bank Group serve on the Board of Directors of the parent company.
Executive Board
Internal Audit Department
Board of Directors Secretariat
The chairman of the Executive Board is also the head of the Executive Committee, which is a forum that focuses on co-ordinating activities across the Group.
Executive Committee
Banking Activities
In Denmark, banking activities are marketed under the Danske Bank brand.
Outside of Denmark, these activities take place in country organisations responsible for local banking operations. The brands marketed outside of Denmark include Sampo Bank in Finland, Fokus Bank in Norway, Östgöta Enskilda Bank and Provinsbankerne in Sweden, Northern Bank in Northern Ireland, and National Irish Bank in the Republic of Ireland.
The business area Other Banking Activities includes the Group's Danish corporate equipment leasing arm, Nordania Leasing.
Nordania
Banking Activities Denmark encompasses the banking activities of Danske Bank in Denmark. Danske Bank caters to all types of retail and corporate customers.
Danske Bank’s finance centres serve large corporate and private banking customers.
Banking Activities Denmark has nine regions with 399 branches, six agricultural centres, nine finance centres and 6,019 employees.
Danske Bank
Banking Activities Finland encompasses the banking activities of Sampo Bank in Finland and Danske Bank’s Helsinki Branch.
Sampo Bank, which is the third largest bank in Finland, caters to retail customers, small and medium-sized businesses and institutional clients.
Sampo Bank has 121 branches and 2,117 employees.
Sampo Bank
Banking Activities Sweden encompasses the banking activities of Östgöta Enskilda Bank and Provinsbankerne in Sweden, which serve all types of retail and corporate customers.
Banking Activities Sweden has four regions with 59 branches, four finance centres and 912 employees.
Banking Activities Sweden
Real-estate agency business is carried out primarily through the 75 offices of Skandia Mäklarna.
Skandia Mäklarna
Banking Activities Norway encompasses the banking activities of Fokus Bank in Norway. Fokus Bank serves all types of retail and corporate customers.
Banking Activities Norway has five regions with 55 branches, five finance centres and 1,062 employees.
Banking Activities Norway
Real-estate agency business is carried out through the more than 40 offices of Fokus Krogsveen and Nylander.
Fokus Krogsveen
Banking Activities Northern Ireland encompasses the banking activities of Northern Bank, which serves both retail and corporate customers.
Banking Activities Northern Ireland has four regions with 94 branches and 1,295 employees.
Northern Bank
Banking Activities Ireland encompasses the banking activities of National Irish Bank, which caters primarily to retail and large corporate customers.
Banking Activities Ireland has four regions with 64 branches and 608 employees.
National Irish Bank
Banking Activities Baltics encompasses the Group's banking activities in Estonia, Latvia and Lithuania and serves all types of retail and corporate customers.
Banking Activities Baltics has 44 branches and 1,304 employees
Sampo Pank
Sampo Banka
Sampo bankas
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Mortgage Finance
Mortgage Finance encompasses the Danske Bank Group's mortgage finance and real-estate agency business in Denmark.
The division markets its financing solutions through Realkredit Danmark, Danske Bank and the real-estate agency chain "home".
Mortgage Finance has 519 employees.
Mortgage Finance
Mortgage Finance funds its lending to borrowers by issuing mortgage bonds listed on the Copenhagen Stock Exchange.
As required by Danish legislation applying to mortgage credit institutions, a balance is always maintained between the contracted payments from borrowers and Realkredit Danmark's payments to bondholders. This balance between lending and funding eliminates interest rate, exchange rate and liquidity risks from significant parts of the balance sheet.
This is the hallmark of Danish mortgage credit institutions.
Read more about the bonds of Realkredit Danmark.
Read more
Real-estate agency business is carried out through "home", which has 190 offices throughout the country.
home
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Danske Markets
Danske Markets is responsible for the Group's activities in the financial markets.
Trading activities include trading in fixed-income products, foreign exchange, equities and interest-bearing securities; providing the largest corporate customers and institutional clients with financial products and advisory services on mergers and acquisitions; and assisting customers with issues of equity and debt issues on the international financial markets.
Proprietary trading encompasses the Bank's short-term investments. The investment portfolio covers the Bank's strategic fixed-income, foreign exchange, and equity portfolios.
Institutional banking includes facilities with international financial institutions outside the Nordic region. Institutional facilities with Nordic financial institutions form part of the Group's banking activities.
Danske Markets has 907 employees.
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Danske Capital develops and sells asset management products and services that are offered through the Group's banking activities and directly to businesses, institutional clients and external distributors.
Danske Capital supports the advisory services and asset management of the Group's banking activities, and, through Danske Bank International in Luxembourg, Danske Capital provides intenational private banking services to clients outside the Group's home markets.
Danske Capital is represented in Denmark, Sweden, Norway, Finland, Estonia, Lithuania and Luxembourg and has 565 employees.
Danske Capital
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Danica encompasses the Danske Bank Group's activities in the life insurance and pensions market. Danica Pension targets both personal and corporate customers.
Products are marketed through a range of distribution channels within the Danske Bank Group, primarily Banking Activities’ outlets and Danica Pension’s insurance brokers and advisers.
Danica offers two market-based products, Danica Balance and Danica Link. These products allow customers to select their own investments profile, and the return on savings depends on market trends. Furthermore, Danica Pension offers Danica Traditionel. This product does not offer individual investment profiles, and Danica Pension sets the rate of interest on policyholders' savings.
Danica Pension has 960 employees..
Danica Pension
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Resource Areas
The Internet and other electronic communications (e-finance) form an integral part of the Group's business model and general strategy. The responsibility for the continual development of electronic distribution channels and products rests solely with the business areas, which also bear the associated costs.
The Group's general staff functions consist mainly of:
- Group Credits
- Shared Service Centre
- Group Finance
- Communications
- HR
- Business Development
Group Credits is composed of three sub-departments: Central Credit Office, Credit Research and Credit Management and Processes.
Central Credit Office is among other things responsible for the Group's credit policy and for managing the Bank's counterparty risk in collaboration with the decentralised credit units. Credit Research is responsible for sector analysis and financial and credit analysis. And Credit Management and Processes is responsible for developing risk classification models and for rating the Bank's large customers in addition to preparing management information in the credit area and the monitoring of credit extension in the business areas
the requirements of the Group's credit systems and processes.
The Shared Service Centre is responsible for all back-up functions, product-related functions, support functions and IT functions. The department supports the Bank's growth strategy and can perform both ongoing operational tasks and the Group's most demanding efforts and projects.
Group Finance is generally responsible for financial reporting and strategic business analysis in the Group including performance and analytical tools. In addition, Group Finance includes the Group's departments for Investor Relations, Corporate Governance and Capital Management, Rating and M&A and has responsibility for the preparations for the coming capital management rules (CAD III), risk models and risk analysis.
Communications is responsible for the Group's stakeholder relations, customer communication, marketing, press and other public relations.
HR is responsible for recruiting, succession, skills and manager development and personnel policies. HR Services has responsibility for all the administrative processes related to salaries, pensions, bonuses, training and the like – both in Denmark and abroad. The department is also responsible for the technological tools related to the HR area.
Among others, Business Development has responsibility for the "Danske Banking Concept". Business Development is responsible at Group level for the following areas and provides support for all divisions in these areas:
- customer segmentation and service strategy for individual customer segments
- cross-organisational advisory and product concepts, including wealth management, retail and corporate banking concepts
- organisational structure, including branch and finance centre structure
- market and customer research
- alliances and channel strategy
- exchange of best practices among the Group's divisions
- governance of divisions in respect of business development
- expansion in new markets.
Last updated on March 19, 2008