Andelskassen Fælleskassen

Denmark · owned by Independent (Denmark) · faelleskassen.dk · 16 vendors

Andelskassen Fælleskassen is a customer-owned cooperative bank founded in 1985 based on sustainable economics, community, and solidarity principles. The bank focuses on green and socially responsible banking, offering traditional banking services while prioritizing values and community impact over profit maximization.

Resilience scores

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Insights

Last updated 2026-07-30 · revision 6

16 direct vendors, 153 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 3/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Andelskassen Fælleskassen demonstrates low migration readiness, predominantly due to its deep integration with and reliance on the "BEC core banking platform." This platform underpins virtually all core banking functions, including online and mobile banking, implying a likely monolithic or traditional architecture. Migrating from such a foundational system is a highly complex, time-consuming, and expensive undertaking, often associated with significant vendor lock-in. The company's relatively small size (19 employees) and revenue (projected DKK 44.2M in 2025) suggest that funding and executing a complete core banking migration would be a substantial financial and operational strain. While the company utilizes modern payment integrations (MobilePay, Apple Pay, Google Pay, Garmin Pay) and a common CMS like WordPress, these are peripheral to the core banking system and do not significantly improve overall migration readiness. The assessment is further hampered by the lack of specified "Regulatory environment" details and "Data residency requirements," which are critical factors in planning and executing any significant migration, especially in the financial services sector. The contradictory "Vendor Relationships" data (Total Vendors: 0 vs. diverse HQ countries) makes it difficult to fully assess vendor lock-in beyond the explicit reliance on BEC and other key Danish providers for critical infrastructure.

Financials

Three-year financials

Financial Resilience Score: 8/10

Andelskassen Fælleskassen demonstrates exceptional financial resilience for a small cooperative bank, characterized by extraordinarily strong capitalisation and liquidity buffers. The total capital ratio of 32.4% in 2025 is roughly three times the internal individual capital need of 11.0%, providing an excess of DKK 73.9m. The capital base consists exclusively of Common Equity Tier 1 (member capital and retained earnings), with no hybrid or subordinated debt requiring refinancing. Liquidity is similarly robust with an LCR of 1,151%, vastly above the 100% regulatory minimum, and a loan-to-deposit ratio of just 53.3%, indicating a substantial deposit surplus. Credit quality is strong with accumulated impairment of only 1.8% of total exposure and a net P&L impairment charge of just DKK 0.4m in 2025. All Supervisory Diamond benchmarks are comfortably met, and the loan book is diversified between private (47%) and business (53%) customers without significant single-sector concentration. Equity has grown consistently from DKK 83.1m in 2021 to DKK 112.8m in 2025 (CAGR ~7.9%), entirely from retained earnings as no dividends are paid. However, the bank's sub-scale nature (~19 FTEs, DKK 847m total assets) creates a disproportionate regulatory cost burden, and earnings are volatile and highly sensitive to interest rates — 2025 profit fell 60% due to lower central-bank deposit income. The 2026 guidance of DKK 4–7m profit before tax remains subdued. A 2025 Finanstilsynet inspection resulted in several orders ('påbud') that may carry additional supervisory implications. Despite these concerns, the capital and liquidity cushions are so substantial that resilience to shocks is very high.

Key strengths: Total capital ratio of 32.4% vs. 11.0% individual capital need (21.4pp excess), Capital base 100% Common Equity Tier 1 — no hybrid/subordinated debt, LCR of 1,151% (vs. 100% minimum), Loan-to-deposit ratio 53.3% with large deposit surplus, Very low accumulated impairment ratio (1.8%), All Supervisory Diamond benchmarks met comfortably, Equity grown via retained earnings (no dividends): CAGR ~7.9% 2021-2025, Diversified between private (47%) and business (53%) customers, No wholesale funding dependence

Risk factors: Sub-scale operations (~19 FTEs, DKK 847m total assets) — disproportionate regulatory cost burden, Earnings highly sensitive to interest rates — profit fell 60% in 2025, Negative value adjustments in 2025 (-DKK 1.9m), Cost growth (staff & admin +7.1% in 2025) outpacing income, Niche mission-driven lending concentration (schools, co-housing, social enterprises), Finanstilsynet inspection (autumn 2025) resulted in several orders/påbud, Subdued 2026 guidance: profit before tax DKK 4-7m, Management overlay for credit risk increased 80.6% to DKK 1.4m

Revenue by geography

Revenue by product/service

Workforce by country

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