The acquisition of Sampo is consistent with Danske Bank's stated retail banking strategy. As a retail bank,
Sampo Bank provides a compelling strategic fit with Danske Bank's business model.
Why acquire Sampo Bank?
- It creates a leading and more competitive financial services group in the Nordic region with a strong focus on retail banking and mortgage lending
- Sampo Bank's business model meets Danske Bank's requirements for strong risk management, solid asset quality and good profitability
- It provides a platform for further expansion and growth in the Nordic region and the Group’s core businesses
- It provides the Group with a foothold in growth markets in the Baltic region, where the combined enterprise will be a credible challenger
- It is expected to result in synergies and enable further leveraging of the Group’s shared IT platform
- It provides the Group with diversification towards a more balanced geographic exposure
- It increases diversification of risk and revenue sources
- It improves the Group’s strategic positioning and flexibility
- It enhances shareholder value
Key phases of the acquisition
Last updated on March 25, 2008