In Denmark, the banks have, historically speaking, had a relatively high concentration of branches. This is most likely demand responsive since the customers have traditionally appreciated personal contact.
Through recent years, Denmark has had a steady increase in the number of residents per branch. This development must be attributed to several factors, but the relatively early - and now comprehensive - dissemination of online baking has been crucial.
For longer time series, download The sector in figures
| . |
2014 |
2015 |
Number of Danish banks (1) |
80 |
76 |
Number of Faroese banks |
4 |
4 |
Foreign bank branches |
29 |
29 |
Total number of banks |
113 |
109 |
Number of branches of Danish banks (2) |
1,076 |
1,004 |
Number of full-time equivalent employees (2) |
37,851 |
37,193 |
Note 1: : Covers banks in group 1-4 including cooperative credit banks and Greenland.
Note 2: Covers banks in group 1-3 including cooperative credit banks and Greenland. Not available for 2015.