Number of banks in Denmark 1991-2023, by type
From 1991 to 2023, Denmark experienced a dramatic consolidation in its banking sector, with domestic banks declining sharply while foreign bank presence grew. The number of Danish banks fell from 219 to 54, while foreign bank branches increased from 6 to 25. The steepest declines occurred following the 2008 global financial crisis and during the European debt crisis of 2012-2013.