Arbejdernes Landsbank

From Infogalactic: the planetary knowledge core
Jump to: navigation, search
Arbejdernes Landsbank
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
Gert R. Jonassen (Managing Director)
Jan Walther Andersen (CEO)
Decrease DKK 329.826 million(2015)[1]
Increase DKK 137.993 million (2015)[1]
Total assets Increase DKK 42,070.389 million (2015)[1]
Total equity Increase 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

  1. 1.0 1.1 1.2 1.3 1.4 1.5 Lua error in package.lua at line 80: module 'strict' not found.
  2. Lua error in package.lua at line 80: module 'strict' not found.
  3. Lua error in package.lua at line 80: module 'strict' not found.
  4. 4.0 4.1 Lua error in package.lua at line 80: module 'strict' not found.
  5. Lua error in package.lua at line 80: module 'strict' not found.
  6. Lua error in package.lua at line 80: module 'strict' not found.
  7. Lua error in package.lua at line 80: module 'strict' not found.
  8. Lua error in package.lua at line 80: module 'strict' not found.
  9. Lua error in package.lua at line 80: module 'strict' not found.
  10. Lua error in package.lua at line 80: module 'strict' not found.
  11. Lua error in package.lua at line 80: module 'strict' not found.
  12. Lua error in package.lua at line 80: module 'strict' not found.
  13. Lua error in package.lua at line 80: module 'strict' not found.