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The history of the Danish Bankers Association

On 10 January 1950, four groups of banks in Denmark founded the organisation, Danske Bankers Fællesrepræsentationen.  The aim was to support good cooperation between banks and promote the safeguarding of interests with regards to the rest of Danish society. The idea of a collaboration between banks was not new.  Prior to Danske Bankers Fællesrepræsentationen the association De Københavnske Hovedbanker existed and since the previous turn of the century, severeal smaller banks were united under the name Provinsbankforeningen. The new Danske Bankers Fællesrepræsentationen’s main office was on Gl. Strand 44 in Copenhagen, but due to a lack of space the organisation bought a property on Amaliegade 7 in 1966, which is still used today as the address for Finance Denmark.

In 1973-74, Danske Bankers Fællesrepræsentationen went through a larger organisational restructuring.  Banks became direct, individual members and not through their group membership of the older organisations. The name was changed to Den Danske Bankforening, and in the new rules all Danish banks were invited to become members, as long as their operations were in accordance with honest business practice.

Establishing the Danish Bankers Association in 1990 was a logical consequence to the largest members of the previous associations carrying out large bank and savings banks mergers in 1989 that resulted in the establishment of Unibank, which is part of Nordea and Danske Bank today. As banks and savings banks were and still are regulated by the same legislation, members were best served with a joint association that could speak on behalf of all of Denmark’s banks and savings banks. In those days, the tasks included introducing electronic data processing in the banking sector, the Euro cheque scheme and the forerunner to PBS (financial institutions’ payment service), PBC. In the 1990s a course department and PR duties were set up, and, together with the economic department, a tradition where banks in Denmark have a joint line in dialogue with authorities and other organisations began.

In 2008, the Danish Mortgage Banks’ Federation was set up as part of the Danish Bankers Association. In 2016, members decided to dissolve the Danish Mortgage Banks’ Federation and let the activities in the Danish Bankers Association continue under a new organisation, Finance Denmark, together with the Association of Danish Mortgage Banks at Amaliegade 7 in Copenhagen.

2016- 2016

Bank Manager, Peter Lybecker
Nordea Bank Denmark

Peter Lybecker held the post for nine days before the fusion that led to the establishment of Finance Denmark.

2013- 2016
Bank Manager, Tonny Thierry Andersen
Danske Bank

2011 - 2013
Bank Manager, Michael Rasmussen 
Nordea Bank Danmark

2009 - 2011
CEO, Peter Straarup
Danske Bank

2006 - 2009
Bank Manager, Peter Schütze
Nordea Bank Danmark

2003 - 2006
CEO, Peter Straarup
Danske Bank

2000 - 2003
Bank Manager, Peter Schütze
Nordea Bank Danmark

1997 - 2000
Ban Manager, Peter Straarup
Den Danske Bank

1994 - 1997
Bank Manager, Thorleif Krarup
Unibank

1991- 1994
Bank Manager, Knud Sørensen
Den Danske Bank

1990 - 1991
Bank Manager, Steen Rasborg
Unibank

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Finance Denmark is an business association for banks, mortgage institutions, asset management, securities trading and investment funds in Denmark. Our members are mortgage institutions, banks, savings banks, cooperative savings banks, Danish branches of foreign banks, asset managers, Danish securities dealers and investment funds. 

Read more about Finance Denmark and our work