Jyske Bank
Encyclopedia
Jyske Bank A/S is the third largest Danish
bank in terms of market share.
The headquarters are located in Silkeborg
, and the Bank has offices, branches, or subsidiaries in Denmark, France, Germany, Gibraltar
, the Netherlands
, Switzerland, and the United Kingdom.
Jyske Bank is number three in Denmark in terms of share of the Danish banking market (approx. 7%), it is the third-largest bank to be listed on Copenhagen Stock Exchange, and it is the largest bank in Denmark to be headquartered outside Copenhagen.
Jyske Bank profiles itself on an informal approach to banking, having abandoned the traditional bank counter-interior in 1998 in favour of an open banking environment, where the customer service agents are seated at round tables with 4-8 agents at each.
On 21 September 2006 a further remodelling was launched, this time using visual rhetorics based on retail rather than banking. Each bank branch now featured a cafe, a play corner for the kids and information on products were gathered in themed boxes that can be scanned at info stations for more information on the box content.
The current CEO of Jyske Bank is Anders Dam. The bank employs some 4500 individuals.
area: Silkeborg
Bank, Kjellerup
Bank, Kjellerup Handels- og Landbobank and the Handels- og Landbrugsbank in Silkeborg. These banks trace their roots back to the mid-19th Century.
The CEO Anders Dam defends the banks investments in a written reply by saying that the aim of the Jyske Bank investment policy is to "optimize the customers' investments. Therefore the customers' return is the primary focus when making new investments".
In December 2008, Denmark adopted the "Convention on Cluster Munition" which effectively "prohibits all use, stockpiling, production and transfer of Cluster Munitions"
Denmark
Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
bank in terms of market share.
The headquarters are located in Silkeborg
Silkeborg
Silkeborg is a city in central Denmark. Located in Silkeborg municipality in Jutland, the city has a population of 42,724 . The development of Silkeborg as a modern city may be traced to the foundation of the paper mill by Michael Drewsen on the Gudenaa in 1844...
, and the Bank has offices, branches, or subsidiaries in Denmark, France, Germany, Gibraltar
Gibraltar
Gibraltar is a British overseas territory located on the southern end of the Iberian Peninsula at the entrance of the Mediterranean. A peninsula with an area of , it has a northern border with Andalusia, Spain. The Rock of Gibraltar is the major landmark of the region...
, the Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
, Switzerland, and the United Kingdom.
Jyske Bank is number three in Denmark in terms of share of the Danish banking market (approx. 7%), it is the third-largest bank to be listed on Copenhagen Stock Exchange, and it is the largest bank in Denmark to be headquartered outside Copenhagen.
Jyske Bank profiles itself on an informal approach to banking, having abandoned the traditional bank counter-interior in 1998 in favour of an open banking environment, where the customer service agents are seated at round tables with 4-8 agents at each.
On 21 September 2006 a further remodelling was launched, this time using visual rhetorics based on retail rather than banking. Each bank branch now featured a cafe, a play corner for the kids and information on products were gathered in themed boxes that can be scanned at info stations for more information on the box content.
The current CEO of Jyske Bank is Anders Dam. The bank employs some 4500 individuals.
History
Jyske Bank is the result of the merger in 1967 of four banks from the mid-JutlandJutland
Jutland , historically also called Cimbria, is the name of the peninsula that juts out in Northern Europe toward the rest of Scandinavia, forming the mainland part of Denmark. It has the North Sea to its west, Kattegat and Skagerrak to its north, the Baltic Sea to its east, and the Danish–German...
area: Silkeborg
Silkeborg
Silkeborg is a city in central Denmark. Located in Silkeborg municipality in Jutland, the city has a population of 42,724 . The development of Silkeborg as a modern city may be traced to the foundation of the paper mill by Michael Drewsen on the Gudenaa in 1844...
Bank, Kjellerup
Kjellerup
Kjellerup is a Danish town with a population of 4,795 Its located 17 km north from Silkeborg and 20 km south from Viborg in Central Jutland.The town was the seat of the former Kjellerup Municipality....
Bank, Kjellerup Handels- og Landbobank and the Handels- og Landbrugsbank in Silkeborg. These banks trace their roots back to the mid-19th Century.
- 1968 - Jyske Bank acquired Banken for Brædstrup og Omegn.
- 1970 - Jyske Bank acquired Samsø Bank.
- 1970 - Jyske Bank acquired Odder Landbobank.
- 1981 - Jyske Bank acquired CopenhagenCopenhagenCopenhagen is the capital and largest city of Denmark, with an urban population of 1,199,224 and a metropolitan population of 1,930,260 . With the completion of the transnational Øresund Bridge in 2000, Copenhagen has become the centre of the increasingly integrating Øresund Region...
-based Finansbanken, giving it national coverage. - 1983 - Jyske Bank acquired Vendelbobanken.
- 1989 - Jyske Bank acquired Holstebro Bank.
International operations
- 1981 - With its merger with Finansbanken, Jyske Bank acquired the subsidiary in Zürich, Switzerland that Finansbanken had established in 1970 under the name Finanz- und Investmentbank. This is the oldest Scandinavian-owned subsidiary in Switzerland. In 1985 the subsidiary's name became Jyske Bank (Schweiz).
- 1983 - Jyske Bank established an office in London and three years later upgraded it to a branch.
- 1984 - Jyske Bank established a representative office of Jyske Bank Private Banking in FuengirolaFuengirolaFuengirola, in ancient times known as Suel and then Suhayl, is a large town and municipality on the Costa del Sol in the province of Málaga, autonomous community of Andalusia in southern Spain. It is a major tourist resort, with more than 8 km of beaches, and home to a mediæval Moorish fortress...
on the Spanish Costa del SolCosta del SolThe Costa del Sol is a region in the south of Spain, in the autonomous community of Andalusia, comprising the coastal towns and communities along the Mediterranean coastline of the Málaga province. The Costa del Sol is situated between two lesser known costas: Costa de la Luz and Costa Tropical...
. - 1987
- Jyske Bank acquired Banco GallianoBanco GallianoBanco Galliano was the oldest bank in the British overseas territory of Gibraltar.-History:In 1855 Antonio Luis Galliano and his family, immigrants from Genoa via Cádiz, established A.L. Galliano Bankers in Gibraltar, better known as Banco Galliano in Spanish, or Galliano's Bank in English...
(est. 1855) in GibraltarGibraltarGibraltar is a British overseas territory located on the southern end of the Iberian Peninsula at the entrance of the Mediterranean. A peninsula with an area of , it has a northern border with Andalusia, Spain. The Rock of Gibraltar is the major landmark of the region...
, a family-owned bank and the oldest bank in the colony. - Jyske Bank acquired Hamburger Handelsbank (est. 1921), giving it a branch in HamburgHamburg-History:The first historic name for the city was, according to Claudius Ptolemy's reports, Treva.But the city takes its modern name, Hamburg, from the first permanent building on the site, a castle whose construction was ordered by the Emperor Charlemagne in AD 808...
. - 1988 - Jyske Bank converted its representative office in Spain into a subsidiary that it later converted back to a representative office.
- 2002 - Jyske bank formed a strategic alliance with NykreditNykreditDating back to 1851, Nykredit is one of Denmark's leading financial services companies with activities ranging from mortgage, retail and investment banking to insurance and fixed income trading and asset management...
to become a major actor in the Danish finance industry. - 2003 - Jyske Bank established an office to conduct private banking in CannesCannesCannes is one of the best-known cities of the French Riviera, a busy tourist destination and host of the annual Cannes Film Festival. It is a Commune of France in the Alpes-Maritimes department....
, on the French Côte d'Azur. It later converted this to a subsidiary. - 2004
- Jyske Bank established a representative office in Poland to conduct private banking.
- Jyske Bank acquired 60% of Berben's Effectenkantoor in Echt, Netherlands.
- 2007 - Jyske Bank Private Banking closed the offices in WarsawWarsawWarsaw is the capital and largest city of Poland. It is located on the Vistula River, roughly from the Baltic Sea and from the Carpathian Mountains. Its population in 2010 was estimated at 1,716,855 residents with a greater metropolitan area of 2,631,902 residents, making Warsaw the 10th most...
and FuengirolaFuengirolaFuengirola, in ancient times known as Suel and then Suhayl, is a large town and municipality on the Costa del Sol in the province of Málaga, autonomous community of Andalusia in southern Spain. It is a major tourist resort, with more than 8 km of beaches, and home to a mediæval Moorish fortress...
. - 2008 or 2009 - Jyske Bank closed its branch in London.
Subsidiaries
- JN Data A/SJN Data A/SJN Data A/S is the Danish software arm of the financial conglomerate of Nykredit and Jyske Bank. It was founded in 2002 in the wake of the strategic alliance between the two concerns, and is based in Silkeborg. The company has about 240 employees....
- Jyske Finans A/S
- Silkeborg Datacentral A/S
- Nordisk Factoring A/S
Banking branches or subsidiaries
- Jyske Bank (Schweiz)
- Jyske Bank Ltd. (Gibraltar)
- Jyske Bank, Filiale Hamburg (Germany)
- Jyske Bank (France)
- Berben's Effectenkantoor B.V. (Netherlands)
Products
Jyske Bank offers a range of banking products including savings & loans, mortgages, Private Banking and offshore banking and business banking.Investments in unethical companies
DanWatch, a Danish organisation for exposing bad business behaviour, reported that Jyske Bank invests in companies associated with child labor, cluster bomb manufacturing, manufacturing material for nuclear weapons and that have been found guilty of destroying the environment and corruption.The CEO Anders Dam defends the banks investments in a written reply by saying that the aim of the Jyske Bank investment policy is to "optimize the customers' investments. Therefore the customers' return is the primary focus when making new investments".
In December 2008, Denmark adopted the "Convention on Cluster Munition" which effectively "prohibits all use, stockpiling, production and transfer of Cluster Munitions"