Sydbank A/SAabenraa, Denmark

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Sydbank Company Description

Sydbank serves some 345,000 retail banking customers and small-to-medium businesses, primarily in Denmark (where it is the fourth-largest bank, with about 105 branches). Sydbank's core geographical regions are Aarhus, Funen, and southern Jutland; it also has branches in Copenhagen, and its 2008 acquisition of bankTrelleborg boosted its operations in Zealand. In addition, the company has a handful of branches in Germany and Switzerland. Sydbank, which offers a range of private banking services and asset management, is part of the Sydbank Group, which holds DMK-Holding, SBK-Invest, Ejendomsselskabet, and Sydbank (Schweiz) AG. Sydbank was formed in 1970 after the merger of four local banks in southern Jutland.

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The Company Description provides a historical perspective of Sydbank's organization from inception to current status.

Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Sydbank's evolution in the marketplace.

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