Danske Andelskassers Bank - a new and old organisation
The Danske Andelskassers Bank group is essentially a full service bank with 44 branches, 500 employees and more than 120,000 customers. The bank mainly operates in Jutland and on Funen, where it has firm local roots and strong local commitment, but it has customers throughout Denmark – often as the result of historical links with one of the bank's branches.
The bank's clientele consists primarily of private customers, small and medium-sized business customers and institutional customers, particularly in the form of other banks. Danske Andelskassers Bank sees its primary purpose as being to deliver the solutions that strengthen its customers, so its main product for private and business customers is competent advice while the main product for institutional customers consists of solutions that enable them to offer their customers the services they want.
Danske Andelskassers Bank was founded in 1969, but in its present form is the result of the conversion in spring 2011 of the SDA group (the Danish Amalgamation of Cooperative Banks, its 16 cooperative banks and Danske Andelskassers Bank A/S, which was owned by the 16 cooperative banks) into a single limited liability company, which was subsequently – on 7 July 2011 – admitted for listing on NASDAQ OMX Copenhagen. The bank is thus owned by 16 foundations, 35,000 private investors and a few institutional investors.
It must be stressed, that on conversion the bank retained – and will continue to retain – the values from the cooperative banks' long history in a new and more market-consistent structure with a view to keeping those values alive as an active part of the Danish financial sector.
Vision, mission and values
The desire to remain a local bank is the basis for and rooted in Danske Andelskassers Bank's vision, mission and values.
We want to be the preferred local bank in our market area
We create added value for customers, the local area and staff. Our customers experience a positive difference by choosing Danske Andelskassers Bank as their financial partner. The local area benefits from Danske Andelskassers Bank supporting local initiatives. Our staff pursue professional and personal development, making them an important factor in customers experiencing a positive difference.
Collaboration, commitment, trust and stability
Looking ahead, Danske Andelskassers Bank's objective is to be a major player on the Danish financial market and offer competent advice combined with strong local commitment for the benefit of the individual customer and development in local areas.
Its ambition is to be national with local roots and a strong presence in local areas outside the large urban communities.