Sydbank
Sydbank A / S is a credit institution established in Aabenraa, Denmark. She has worked both in Denmark and by a branch office in Flensburg in Germany.
History
Sydbank was established in 1970 by the merger of four regional banks südjütländischer:
- The Nordslesvigske Folke Bank, Aabenraa
- Gråsten Bank, Gråsten
- Folke banks for Sundeved As mentioned above, Sønderborg
- Landmandsbank Tønder, Tønder
The oldest of these four banks, the Tønder Landmandsbank, was founded in 1901.
From the early 1980s Sydbank expanded greatly. It was followed by further mergers and acquisitions: In 1983, the Aarhus Bank Fynske the bank was taken over in 1984. In 1987, parts of the insolvent Copenhagen July 6 banks taken over. In 1990, the merger was followed by the Sparekassen Jutland. With effect from 1 January 1994 Sydbank took over 30 branches in the west of Jutland from the insolvent Varde Bank. Shortly thereafter, in May 1994 Sydbank bought the active banks in Vejle from the insurance company Topdanmark and divided the 40 stores in eastern Jutland also in its branch network a. 2002 Egnsbank Fyn was taken in Odense, 2008, the Bank Trelleborg in Slagelse. The business area expanded as the islands Funen and Zealand. This Sydbank is represented almost everywhere in Denmark.
Today it is the only bank in the border area, which has offices in Germany and Denmark.
Beginning of November 2012 took over the Sydbank the banking activities as well as the branches of Tønder Bank A / S, based in Tønder ( Tønder ), after there is a significant impairment was found during an inspection by the Danish banking supervision and the Tønder Bank was not in a position to capital required.
Facts and Figures
In 2010, the Sydbank A / S employed a total of approximately 2,300 employees and had around 390,000 customers. In the same year, the bank recorded a turnover of 1.42 billion euros, making it one of the largest companies in Denmark.
Subsidiaries
Sydbank Germany
Management
Kim Møller Nielsen (Director of the German subsidiary )
In Germany is Sydbank as a branch (according to § 53b of the Banking Act ) operates. In addition to the German headquarters in Flensburg there are still stores in Hamburg, Kiel, Berlin and Wiesbaden.
The first German branch was established in Flensburg in 1984. Just one year later, in 1985, the branch was opened in Hamburg. In 2007, parts of the customer base and the business premises of former bank Companie Nord AG were taken in Kiel and thus established the branch in Kiel sell memory.
The acquisition of private customers of Gries & Heissel Bankiers AG (now Euro City Bank AG) in 2012, the customer base has been increased by 1,000 private banking clients and there were branches in Wiesbaden and Berlin added.
Sydbank in Germany has around 12,000 customers with total assets of EUR 650 million (end of 2011) and employs around 100 people.
Sydbank Germany is a member of the Federal Association of German Banks and the Deposit Insurance Fund.