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Sydbank

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Sydbank

Sydbank A/S
Type Publicly traded Aktieselskab (OMX: SYDB)
Industry Financial services
Founded 1970
Headquarters Aabenraa, Denmark
Key people Anders Thoustrup (Chairman), Karen Frøsig (CEO)
Products Retail, commercial and private banking
Revenue DKK 4.594 billion (2010)[1]
Profit DKK 411 million (2010)[1]
Total assets DKK 150.84 billion (end 2010)[1]
Total equity DKK 9.554 billion (end 2010)[1]
Employees 2,280 (FTE, end 2010)[1]
Website www.sydbank.com

Sydbank A/S is one of Denmark's largest full service banks headquartered in Tønder).

History

1970s

Sydbank's headoffice

In 1970's voksede antallet af Sydbank-afdelinger til 50 – alle i Sønderjylland – indtil Sydbank i 1976 gik over Kongeåen og åbnede en afdeling i Fredericia.

1980s

Sydbank's branch in Flensburg, Germany

In 1980 Sydbank grew strongly. In 1983 Sydbank opened office at Kongens Nytorv in Copenhagen and merged that year with the Aarhus Bank - and in 1984 with Fuen Bank, Co-established bank with a branch in Flensburg and subsidiary SBK-Finance. In 1985 came a branch in Hamburg. In 1987 founded Sydbank Investment branch Sydinvest and the bank took over parts of the Copenhagen 6th July Bank, which had gone into receivership in March of that year. In 1988 took over Sydbank Community Bank branches in Copenhagen. In 1989 bought Sydbank DMK-Holding. The bank went out of the 1980s with a market share of just 2 percent., 70 branches and 1,400 employees.

1990s

Sydbank merged in 1990 with Sparekassen South Jutland. When completing the Varde Bank took over Sydbank with effect from 1 January 1994 most of the bank's activities, including 30 West Jutland departments. In May 1994 bought Sydbank Active Bank and hence 40 East Jutland sections from Topdanmark.

After 2000

After the 2000 millennium has Sydbank marked on a thriving, growing, robust and velindtjenende bank that is now almost nationwide. Sydbank took Odense Bank Egnsbank Funen during 2002 and has since established branches in central Jutland and Sealand. Moreover Sydbank opened in 2002 daughter bank Sydbank (Schweiz) AG in St. Gallen in Switzerland. In 2007 sold Sydbank DMK-Holding to ebh bank and opened a department-ment in Kiel. In 2008 took over Sydbank Zealand Banking Trelleborg, headquartered in Slagelse. Sydbank is now one of Denmark's largest full service banks based in Southern Jutland and headquartered in Aabenraa. The Bank has a market share in the sector at around 7 percent, approximately 2,600 employees and 115 branches - including three in Germany. The Executive Director since 1982 Carsten Andersen. The Board is in addition to Carsten Andersen: Karen froze, Preben Lund Hansen and Allan Nørholm. Sydbank board consists of: President Kresten Philipsen, Vice Chairman Donald Thoustrup, Otto Christensen, Peder Damgaard, Peter Gaemelke, Hanni Toosbuy Kasprzak, Sven Rose Meyer Paulsen, Per Olesen (elected by employees), Jan Uldahl-Jensen (elected by employees), Margaret Weber (elected by the employees) and Harry Max Friedrichsen (elected by employees).

SydbankFonden

Sydbank founded in 2002 SydbankFonden which annually awards millions of dollars to charitable, cultural and popular applications. Among others poured SydbankFonden in 2008 bronze sculpture "myth" - inspired by myth about Christian II, who according missing a finger created a groove in a board during captivity in Sønderborg-castle Castle - to Sønderborg Municipality.

References

  1. ^ a b c d e "Annual Report 2010". Sydbank. Retrieved 16 February 2011. 

External links

  • Official website
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