Sydjysk Sparekasse Due Diligence

Run due diligence on Sydjysk Sparekasse: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Independent (Denmark) · broagersparekasse.dk · 17 vendors

Sydjysk Sparekasse is a modern, independent and democratically owned savings bank that works daily to create growth, security and profit in everyday life. The bank provides personal banking services, investment solutions, insurance, and loans to private customers and businesses in Southern and South Jutland.

Resilience scores

Digital Sovereignty: 59
Digital Resilience: 5
Financial Resilience: 9

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Insights

Last updated 2026-09-13 · revision 2

16 direct vendors, 191 subvendors

Direct vendors by controlling owner country (sample)

Denmark: 8
United States: 6
Japan: 1

Subvendors by controlling owner country (sample)

Norway: 1
Belgium: 6
Poland: 1

Compliance

11 in-scope frameworks identified; showing 3.

Financials

Three-year financials

2024: revenue DKK 573.2M, EBIT DKK 220.9M, equity DKK 1.54B
2023: revenue DKK 587.9M, EBIT DKK 199.1M, equity DKK 1.48B
2022: revenue DKK 444.1M, EBIT DKK 103.3M, equity DKK 1.30B

Financial Resilience Score: 9/10

Sydjysk Sparekasse displays exceptional financial resilience for a regional Danish savings bank. Its total capital ratio of 26.9% (CET1 26.4%) at end-2024 is nearly three times the regulatory solvency need of 9.5%, providing an excess capital buffer of approximately DKK 896m. Liquidity is equally robust with an LCR of 766%, far above the 100% regulatory minimum and even the bank's internal 400% floor. All four Danish Tilsynsdiamant (supervisory diamond) limits are comfortably met, and the auditor (EY) issued a clean opinion. The balance sheet is deposit-funded with a loan-to-deposit ratio of only 37.6%, minimizing wholesale funding dependence. Loan book diversification is strong: no single industry exceeds 10% of exposure, the largest single exposure is only 3.3% of core capital, and 71% of lending is to private customers. Profitability has strengthened materially post-merger, with ROE before tax rising from 8.2% (2022) to 14.6% (2024) and net profit doubling from 2020 to 2024. Management has prudently built a DKK 118.8m macro/credit management overlay. Key vulnerabilities are geographic (100% Danish/Southern Jutland exposure), a 6% agricultural exposure facing potential CO2 tax legislation, and expected NII compression as Danish rates decline (management guides 2025 PBT of DKK 130–160m vs 220.9m in 2024). Capital repayments (DKK 190m of hybrid/subordinated debt in spring 2024) reduced the capital ratio from 31.1% to 26.9% but it remains very strong.

Key strengths: Very strong capital ratio of 26.9% vs 9.5% solvency need (~DKK 896m excess), LCR of 766%, far above regulatory and internal minimums, Deposit-funded balance sheet, loan-to-deposit ratio only 37.6%, Diversified loan book — no industry >10%, largest single exposure 3.3% of core capital, All Tilsynsdiamant limits met; clean audit opinion from EY, ROE before tax improved to 14.6% in 2024; profit doubled since 2020, Rising guarantee capital (DKK 554.4m, 18,155 garanter) signals local confidence, 179-year heritage and deep local franchise in Southern Jutland

Risk factors: 100% Danish geographic concentration, dependent on regional Southern Jutland economy, Expected NII compression from falling Danish rates (2025 PBT guidance DKK 130-160m vs 220.9m in 2024), Agriculture exposure (6%) at risk from pending Danish CO2 tax legislation, Merger integration risk — IT conversion completed 2024, ongoing policy harmonisation, Cyber/IT dependency on SDC A/S data centre explicitly flagged as special risk, Repayment of DKK 190m hybrid/subordinated capital in 2024 reduced capital ratio, Management overlay increased to DKK 118.8m, signalling hidden credit risk concerns, 2023 impairment spike to DKK 64.0m reflected cautious overlay build

Revenue by geography

Denmark: 100%

Revenue by product/service

Interest income: 68%
Fee & commission income: 29%
Dividends: 3%

Workforce by country

Denmark: 209

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