Fynske Bank

What Fynske Bank does

Fynske Bank is a privately held Danish regional bank headquartered in Svendborg, serving retail, SME, agricultural, and association customers across Funen, the Triangle Area (Trekantsområdet), and Aarhus. Its distribution combines 12 physical branches and 6 dedicated business centers (Erhvervscentre) with industry-specialized advisors, including an on-site agricultural advisory channel, alongside digital channels (netbank, mobile banking, Mobilbank Erhverv, online meetings).

The product platform spans daily banking (Dankort, Visa/Dankort, MasterCard, Mastercard Young, Mastercard Business), lending (Boliglån, Billån, Elbillån, Kassekredit, Boligkredit), mortgage distribution via Totalkredit (including Fastrente+ and Tilpasningslån), pensions (Ratepension, Aldersopsparing, Livrente, 30%-ordningen), and investments (Aktiesparekonto, Investeringskonto FRI, Depotpleje, Formuepleje, Lokal Puljeinvest). Supporting technology includes a Bank Connect integration linking customer accounting systems to netbank, the Unioo association-management tool distributed free to club customers, mobile payment tokenization (Apple Pay, Google Pay, Garmin Pay, Fitbit Pay, MobilePay), and the KONTANTEN ATM network providing access to over 300 ATMs across Denmark.

Revenue is generated through net interest income on lending, investment management and advisory fees, account/transaction fees, and mortgage commission from the Totalkredit partnership. The bank differentiates on local presence, advisor authority, and community engagement through Fonden for Fynske Bank, which distributes multi-million DKK annually to local associations and initiatives. Insurance distribution is operated in partnership with Privatsikring, and the investment shelf is sourced from multiple third-party managers (BankInvest, SparInvest, MajInvest, Sydinvest).

Name

Fynske Bank

Legal name

Fynske Bank

Website

https://fynskebank.dk

Company type

Private

Founded year

1852

Operating status

Operating

Headcount range

101–250 employees

Short description

Fynske Bank is a privately held Danish regional bank headquartered in Svendborg, serving retail, SME, agricultural, and association customers across Funen, the Triangle Area, and Aarhus through 12 branches, 6 business centers, and digital banking channels.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Open Account Trade Finance (Receivables/Payables Finance) (FSABAHAB)

Keywords

• Retail banking services
• Business banking services
• Mortgage financing
• Investment management
• Agricultural lending

Headquarters

HQ city

Svendborg

HQ country

Denmark

HQ region

Europe

Offices19 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income: Traditional banking revenue from lending activities including mortgage loans, consumer loans, business loans, and agricultural loans. The bank offers various loan products including real estate financing, car loans, and credit facilities.
2. Investment Management Fees: Revenue from managing customer investments including portfolio management agreements, advisory agreements, and depot care services. Fees for investment products, custody, and trading commissions.
3. Account and Transaction Fees: Fees for account maintenance, transactions, card usage, and banking services. Pricing varies based on account type and service level.
4. Real Estate Financing Commission: Revenue from mortgage loan intermediation through Totalkredit partnership. The bank facilitates real estate loans and earns commission from the mortgage provider.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels9 records

Core offering

Fynske Bank is a Danish regional bank that provides retail and business banking services including deposit accounts, payment cards, consumer and mortgage loans, investment and pension products, agricultural financing, trade finance, and bank guarantees. The bank delivers these services through a network of 12 physical branches, 6 dedicated business centers, and digital channels including Netbank, mobile banking, and the Bank Connect accounting integration.

Product overview

Fynske Bank is a regional Danish bank offering a comprehensive suite of banking products through a unified platform with both retail (Mit liv) and business (Min virksomhed) banking divisions. The personal banking portfolio includes deposit accounts (Basal Betalingskonto, Basal Indlånskonto, Fynske Fastrente), payment cards (Dankort, Visa/Dankort, MasterCard, Mastercard Young), loans (Boliglån, Billån, Elbillån, Kassekredit), home equity products (Boligkredit, Fastrente+, Tilpasningslån via Totalkredit), and investment services (Aktiesparekonto, Investeringskonto FRI, Formuepleje, Depotpleje with variants from conservative to aggressive, Lokal Puljeinvest). The pension offering covers ratepension, aldersopsparing, and livrente with various investment options. For business customers, the bank provides Mastercard Business cards, Bank Connect accounting integration, trade finance services, bank guarantees, agricultural banking, and the 30%-ordningen self-employed pension scheme. Self-service channels include Netbank and Mobilbank with MitID integration. The product ecosystem extends through partnerships including Totalkredit for mortgages, Privatsikring for insurance, KONTANTEN for ATM access, and Unioo for association management.

Differentiator

Problem solved

Functional benefit

Products and services

• Dankort & Visa/Dankort Danish domestic payment card accepted throughout Denmark with Visa functionality for international travel and payments, targeted at retail customers.
• MasterCard International credit/debit card accepted worldwide with built-in travel insurance and purchase protections, targeted at retail customers.
• Mastercard Young Debit card for young people with spending limits tied to available account balance, designed to teach responsible money management.
• Young Money Financial management solution for children allowing parents to transfer allowance, add gifts, and monitor the child's finances.
• Mastercard Business Business credit/debit card with worldwide acceptance, travel insurance, hotel and car rental discounts, and optional credit limits of up to 42 days interest-free.
• Boligl\u00e5n (Mortgage Loan) Mortgage loans for purchasing residential property including homes, apartments, and summer houses with competitive rates.
• Bill\u00e5n (Car Loan) Car financing loan for new or used vehicles with favorable terms based on the customer's financial situation.
• Elbill\u00e5n (Electric Car Loan) Special financing solution for electric vehicles with attractive terms designed for the growing EV market.
• Kassekredit (Revolving Credit) Revolving credit facility providing flexible access to funds when needed, offering financial breathing room without requiring repeated bank visits.
• Boligkredit (Home Equity Credit Line) Home equity credit line allowing customers to utilize their property's equity for various purposes.
• Fastrente+ (Fixed-Rate Mortgage) Fixed-rate mortgage product offered in partnership with Totalkredit featuring fixed interest rates and up to 30 years of payment-free periods for customers with home equity.
• Tilpasningsl\u00e5n (Adjustable-Rate Mortgage) Adjustable-rate mortgage where interest rates vary over the loan term and are adjusted at regular intervals.
• Totalkredit Energitjek (Energy Check) Energy check service in collaboration with Totalkredit to help customers start their energy renovation projects.
• Fynske Fastrente (Fixed-Term Savings) Fixed-term savings product where customers lock in deposits for 6 or 12 months to earn favorable interest rates.
• Basal Betalingskonto (Basic Payment Account) Basic payment account for receiving salary and public benefits, including a card and netbank access for everyday banking.
• Basal Indl\u00e5nskonto (Basic Savings Account) Basic savings account for depositing and withdrawing money with straightforward banking needs.
• Ratepension Pension product with payouts distributed over 10-30 years, offering annual contribution limits of 65,500 DKK (2025) with tax deductions.
• Aldersopsparing Pension savings allowing lump-sum or ongoing payouts, with contribution limits of 9,900 DKK (2026) if more than 7 years from retirement age.
• Livrente (Lifetime Annuity) Lifetime annuity ensuring payments continue regardless of longevity, with annual contribution limits of 63,200 DKK (2026) for private agreements.
• Aktiesparekonto (Stock Savings Account) Tax-advantaged stock savings account with 17% returns tax (2026) and a deposit ceiling of 174,200 DKK (2026), allowing investment in listed stocks and ETFs.
• Investeringskonto FRI (Commission-Free Investment Account) Flexible investment account with no custody fees or trading commissions, offered in six variants from minimum to maximum risk profiles including Danish equities.
• Formuepleje (Wealth Management) Professional wealth management with advisory agreements for portfolios starting at 2 million DKK (equities) or 4 million DKK (mixed), and portfolio management services.
• Depotpleje (Discretionary Portfolio Management) Discretionary portfolio management adapting holdings to risk profile and investment horizon, offered in five variants from conservative to aggressive (Konservativ, Balance Lav, Balance Mellem, Balance H\u00f8j, Offensiv) with recommended minimum of 250,000 DKK.
• Lokal Puljeinvest (Pooled Investment Solution) Pooled investment solution for pension or children's savings with options including Danish equities, global equities, and mixed portfolios at various risk levels.
• 30%-ordningen (Self-Employed Pension Scheme) Tax-advantaged pension scheme allowing self-employed to contribute up to 30% of business surplus with full deduction and 15.3% returns tax.
• Mobilbank Erhverv (Business Mobile Banking) Dedicated mobile banking application for business customers to manage daily banking tasks directly from mobile devices.
• Garantier (Bank Guarantees) Bank guarantee services for businesses, including performance bonds and advance payment guarantees to facilitate contract awards and improve cash flow.
• Trade Finance International trade services including SEPA payments, foreign exchange accounts, and documentation for businesses trading across borders.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• TotalkreditcoreStrategic or Co-development PartnerFynske Bank partners with Totalkredit for mortgage financing solutions. The bank offers Totalkredit loans with customer benefits (KundeKroner) when Totalkredit performs well. The partnership includes Fastrente+ products with up to 30 years interest-only periods and various mortgage products.
• PrivatsikringcoreChannel Partner/ Reseller/ DistributorFynske Bank partners with Privatsikring to offer insurance products to customers. Products include car insurance, home insurance, contents insurance, accident insurance, travel insurance, and salary insurance. Privatsikring handles claims processing and customer service.
• KONTANTENcoreChannel Partner/ Reseller/ DistributorKONTANTEN is a cash network partnership providing Fynske Bank customers access to over 300 ATMs across Denmark. Customers can withdraw and deposit cash, and purchase euros free of charge at KONTANTEN ATMs.
• BankInvestminorChannel Partner/ Reseller/ DistributorInvestment fund partner offering sustainable investment products. BankInvest actively works with sustainability integration through screening, active ownership, and exclusion practices.
• SparInvestminorChannel Partner/ Reseller/ DistributorInvestment fund partner with active sustainability integration. SparInvest provides sustainable investment products and ESG-focused investment strategies.
• MajInvestminorChannel Partner/ Reseller/ DistributorInvestment fund partner with ethics and responsibility policies. MajInvest offers sustainable investment products aligned with responsible investment principles.
• SydinvestminorChannel Partner/ Reseller/ DistributorInvestment fund partner focused on responsible investing. Sydinvest integrates sustainability considerations into investment decisions.
• UnioocoreTechnology or IntegrationUnioo is a digital management tool for associations provided free to Fynske Bank's association customers. Features include digital reporting, GDPR-secure document exchange, meeting organization, event management with ticket sales, and automatic membership fee collection.
• FacebookminorGTM or Marketing PartnerFacebook provides targeted advertising services for Fynske Bank's marketing campaigns and website statistics through their advertising platform.
• LinkedInminorGTM or Marketing PartnerLinkedIn provides professional networking advertising for Fynske Bank's business customer acquisition and employer branding efforts.
• AdformminorGTM or Marketing PartnerAdform provides third-party advertising platform services for targeted display advertising campaigns.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sydbank: Major Danish regional bank headquartered in Southern Jutland, offering retail, business banking, and wealth management with a similar geographic focus to Fynske Bank in the Triangle Area and Southern Denmark. Comparable product suite including mortgages, pensions, and business banking.
• Spar Nord Bank: Danish regional bank with multi-branch retail and SME banking model, comparable in scale and customer segments to Fynske Bank. Similar diversified revenue streams from lending, investment fees, and insurance distribution.
• Ringkjøbing Landbobank: Privately held Danish regional bank with strong local franchise model, retail and business banking focus. Comparable as a privately held Danish regional competitor with similar geographic concentration.
• Nordjyske Bank: Danish regional bank serving North Jutland with retail, business, and agricultural banking expertise. Comparable regional business model with sector-specialized vertical expertise similar to Fynske Bank's agricultural focus.
• Jutlander Bank: Danish regional bank offering personal and business banking services in Jutland. Comparable scale and product offering including mortgages, pensions, and business finance.

Broad incumbents

• Danske Bank: Largest Danish bank with national retail, business, and wealth management franchise. Competes broadly with Fynske Bank across all products but operates at far greater scale with full national coverage.
• Jyske Bank: Major Danish universal bank offering retail, business, and wealth management nationwide. Competes with Fynske Bank across retail banking, mortgages, and investments but at significantly larger scale.
• Nykredit: Danish mortgage and banking group that owns Totalkredit — Fynske Bank's primary mortgage partner. Competes both directly and through the Totalkredit intermediary channel across retail mortgages and banking.
• Handelsbanken Denmark: Branch-based Swedish-owned bank with strong Danish presence, focused on SME and relationship banking. Comparable in business banking distribution approach and relationship-driven model.

Emerging players

• Lunar: Danish digital challenger bank offering mobile-first retail banking, payments, and investment services. Competes for the same retail and younger SME customer base as Fynske Bank with superior digital UX.

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fynske Bank