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Financial institutions, branches & employees

The number of banks in Denmark is declining. 

In 1992 there were 219 financial institutions and in 2015 there were 76. 

In the same period, the number of employees in Danish banks has fallen from approximately 51,000 to 37,000. Bank mergers, digitisation and optimisation have contributed to this development.

You can see an extract of the statistics here:

  2014 2015
Number of Danish financial institutions 80 76
Number of Faroese financial institutions 4 4
Branches of foreign financial institutions 29 29
Number of financial institutions 113 109
Number of employees converted to fulltime employees 37.851 37.193

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Finance Denmark is an interest organisation for banks and mortgage institutions in Denmark. Our members are mortgage institutions, banks, savings banks, cooperative savings banks and Danish branches of foreign banks.

Read more about Finance Denmark and our work