User:Nicklarzn/Sparekassen Danmark

Sparekassen Danmark is the largest savings bank in Denmark, with more than 1200 employees ans 54 branches. Sparekassen Danmark was established in an equal merger of Sparekassen Vendsyssel and Jutlander Bank.

The corporation is constructed as a mutual savings bank. As such, the bank is not owned by stockholders - but rather the banks guarantors.

In the merger, the banks has chosen to allocate equity as guarantor funds, in order to establish new charitable foundations. This means that the collective equity of Sparekassen Danmark's foundations exceeds DKK 100,000,000 (approx. EUR 13,425,000).