Fynske Bank Due Diligence

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

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

Fynske Bank A/S is a regional bank based in Denmark that provides banking products and services to private customers and small and medium-sized businesses. Its offerings include deposits, lending, guarantees, securities and currency trading, and advisory services for financing, pensions, investment, and real estate.

Resilience scores

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Last updated 2026-09-13 · revision 6

15 direct vendors, 180 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

5 in-scope frameworks identified; showing 3.

SOC 2 (source) — No public evidence

Evidence: https://fynskebank.dk/selvbetjening

ISO 27001 (source) — No public evidence

ISAE 3000 (source) — No public evidence

Financials

Three-year financials

Financial Resilience Score: 8/10

Fynske Bank exhibits a very strong balance sheet and capital position, with a total capital ratio of approximately 25-26% (well above regulatory minimums of ~14%) consisting entirely of CET1 capital. Liquidity is exceptionally strong, with an LCR of 363% at end-2022 and a loan-to-deposit ratio of just ~48%, reflecting a deposit-funded model with deposits of ~DKK 7.3bn against loans of ~DKK 3.3bn. The bank's ownership structure provides additional resilience, with Fonden for Fynske Bank holding 45% and providing a DKK 50m standby capital commitment. Profitability has been consistently positive through the cycle, including a record DKK 202m PBT in 2023 and DKK 164m in 2024. However, profits have declined for two consecutive years (down to DKK 127m in 2025) due to declining interest rates and heavy investment in growth (15.6% cost increase in 2024). Historical ROE before tax was modest (3-9% range), indicating efficiency challenges. The bank is small in absolute size (~DKK 8.8bn assets), geographically concentrated in Fyn and East Jutland, and faced strategic disruption from the failed Nordfyns Bank merger in 2025. Overall, the combination of fortress-like capital and liquidity buffers outweighs the modest profitability and concentration concerns.

Key strengths: Very strong total capital ratio of ~25-26%, all CET1, LCR of 363%, well above regulatory minimum of 100%, Loan-to-deposit ratio of ~48% indicating strong deposit funding, Supportive 45% ownership by Fonden for Fynske Bank with DKK 50m standby capital, Profitable through cycle including difficult 2022 bond market, Improving credit quality with impairment ratio declining from 5.7% (2018) to 4.2% (2022), Strong customer growth (~1,000 net new customers in 2024)

Risk factors: Profitability declining two years in a row (PBT DKK 202m → 164m → 127m), Cost growth of 15.6% in 2024 from heavy investment in expansion, Geographic concentration in Fyn and East Jutland, Sector concentration in real estate (13%), agriculture (8%) and SMEs, Failed merger with Nordfyns Bank in 2025 indicates strategic execution risk, Finanstilsynet 2024 inspection resulted in 2 orders, Small absolute size limits scale advantages, Bond portfolio (DKK 2.87bn) sensitive to interest rate movements

Revenue by geography

Revenue by product/service

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