The Danish financial system and the changing Nordic banking landscape The Danish banking sector is very heterogeneous and is dominated by two large banking groups, Danske Bank and Nordea, which covers more than 45 percent of the Danish banking market. There are a small number of medium-sized institutions, Jyske Bank, Sydbank, Nykredit Bank and FIH, with a total market share of almost 20 percent.
And we have more than 150 small banks sharing the residual market share of 35 percent. BIS Review 31/2007  1  Compared to the other Nordic countries, the concentration ratio in Denmark – measured by the concentration ratio CR5 – does not stand out. However, the Nordic banking markets are amongst the most consolidated in Europe – similar to other smaller European economies.