Arbejdernes Landsbank
Headquarters near Copenhagen Central Station.
|
|
Aktieselskabet | |
Industry | Financial services |
Founded | June 19, 1919 |
Headquarters | Vesterbrogade 5, Copenhagen, Denmark |
Coordinates | Lua error in package.lua at line 80: module 'strict' not found. |
Key people
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Gert R. Jonassen (Managing Director) Jan Walther Andersen (CEO) |
DKK 329.826 million(2015)[1] | |
DKK 137.993 million (2015)[1] | |
Total assets | DKK 42,070.389 million (2015)[1] |
Total equity | DKK 5,279.627 billion (2015)[1] |
Owner | Fagligt Fælles Forbund (20%) |
Number of employees
|
1,075 (2015)[1] |
Subsidiaries | AL Finans A/S[2] |
Slogan | Bygger på sunde værdier Based on sound values |
Website | www.al-bank.dk |
Arbejdernes Landsbank (National Workers Bank) is a Danish bank founded in 1919 with approximately 250.000 customers and 1,075 employees.[1] It is the 7th largest bank in Denmark.[3] As of 2014 the bank has 70 branches in Denmark.[4]
History
The bank was founded by Danish trade unions, the Social Democrats and Arbejderkul (union of coal workers) with a starting capital of DKK 2 million, most of which was pledged by Arbejderkul, who were particularly powerful after performing a crucial role in securing Denmark's energy supply during World War I.[5] Although the bank was officially a public company, the shares could not be listed and remained with the labour movement. In practice the bank operated as a cooperative.
During the great depression, major shareholder Arbejderkul ran into trouble and the trade union federation joined the ownership of the bank. In the 1960s the bank went through a major growth period, attracting new private customers and many independent branches were opened throughout Denmark. [6] In 1986, ALFINA was bought and later renamed to AL Finans A/S. The bank also owns a share in Østjydsk Bank.[7]
As of 2014, the bank has 24,000 private shareholders, although the trade unions remain the major shareholders.[4][8]
Customer satisfaction
In customer satisfaction studies among Danish banks, Arbejdernes Landsbank is consistently ranked as the highest rated bank.[9][10][11][12][13]
References
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