Arbejdernes Landsbank

Arbejdernes Landsbank is a Danish bank that was founded in 1919. One of the aims was to remove the trade unions' funds from the privately owned banks and get them into their own hands. The concept of founding a bank has long been discussed by the Social Democrats (and particularly Stauning), trade unions, and cooperative businesses, which prioritize member payouts over the maximum amount of financial gain. These three institutions had gradually acquired quite a lot of money. Thus, the agreement to establish the bank was established. The bank is headquartered in Copenhagen and has 61 branches throughout Denmark.

Today, Arbejdernes Landsbank is a full-service bank offering a wide range of financial products and services to individuals and businesses. The bank's services include personal and business banking, mortgages, investment advice, insurance, and more. According to the annual report, it had total assets of approximately DKK 107,986.9 million (roughly USD 16 million) and employed 1,100 people. In 2022, the bank earned a profit before tax of DKK 902.7 million against a profit of DKK 1,378.2 million last year. The profit after tax amounts to DKK 789.2 mill against a profit last year of DKK 1,328.9 million.

One of Arbejdernes Landsbank's core values is its commitment to social responsibility and sustainable development. The bank has a long history of supporting social and environmental sustainability initiatives, and it has been recognized as one of Denmark's most sustainable companies.

Founded: 1919

Headquarters: Copenhagen, Denmark

Website: https://www.al-bank.dk/