Sydbank

Sydbank is a Danish commercial bank that was founded in 1970 through a merger of four regional banks in the southern part of Denmark. The four banks that merged to form Sydbank were Folkebanken for South Jutland and Als, Den Nordslesvigske Folkebank, Sønderjysk Landmandsbank, and Tønder Landmandsbank. Before the merger, the banks had operated independently in their respective regions for many years, providing banking services to individuals and businesses. The merger was intended to create a larger and more robust financial institution that could better serve the needs of customers in the region. With over 50 years of experience in the financial industry, Sydbank has become a significant player in the Danish banking sector.

In addition to providing traditional banking services such as loans, deposits, and payment services, Sydbank also offers investment and wealth management services, insurance, and pension products. The bank serves both private individuals and corporate customers and has a strong focus on sustainability and responsible banking practices. In the years following its founding, Sydbank continued to grow and expand its operations. It acquired several smaller banks and established new branches in various parts of Denmark. In 2022, the bank's total income before costs and impairment charges for loans and advances represented DKK 5,380 million, with profit before tax of DKK 2,450 million. Today, Sydbank operated 57 branches throughout the country and employed more than 2000 staff in total. In 2022, the bank's total assets made up to DKK 179.3 million.

Founded: 1970

Headquarters: Peberlyk 4, 6200 Aabenraa, Denmark

Website: https://www.sydbank.dk/