Skjern Bank
Skjern Bank is a publicly listed Danish regional bank founded in 1906, operating 10 branches across Denmark to serve private, SME, agricultural, and wealth management clients with relationship-based banking, digital self-service, and partner-sourced mortgage and investment products.
- Company typePublic
- Founded1906
- HeadquartersSkjern, Denmark
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Skjern Bank does
Skjern Bank A/S is a publicly traded Danish regional bank (CPH: SKJE) founded in 1906, headquartered at Banktorvet 3, Skjern, Denmark. The bank operates 10 branches across Denmark — six in West Jutland (Skjern, Esbjerg, Bramming, Varde, Ølgod, Ribe) and five in the Copenhagen area (Hellerup, Virum, Hørsholm, Carlsberg Byen, and the newest at Amager, opened September 2025) — serving private customers, SMEs, agricultural businesses, and wealth management clients through approximately 101–250 employees. Core product offerings include daily banking (Min Skjern Bank internet bank, Mobilbank mobile app), payment cards (Visa/Dankort, MasterCard, MasterCard Debit Gold), personal and commercial loans, agricultural financing, leasing, pension planning (Pensionsfokus), and wealth management (Formuefokus), supplemented by partner-sourced mortgages via Totalkredit and investment products via BankInvest.
The bank's revenue model is a traditional spread + fee banking model: FY2025 net interest and fee income of 661.3 million DKK (approximately $96M USD), supplemented by trading and investment income from mark-to-market adjustments and advisory fees. Customers are acquired through branch-based direct advisory, the customer referral program ('kundehenviser'), and digital self-service channels. The bank differentiates on personal advisor relationships, local market expertise — particularly in agricultural lending — and quick decision-making via short organizational hierarchies. Disclosed digital infrastructure is minimal proprietary technology: a standard ASP.NET-based online banking platform with MitID authentication, Apple Pay, Google Pay, and MobilePay support, and no published developer API or SDK beyond statutory PSD2 access.
The bank is well-capitalized with a 24.8% capital ratio in Q1 2026 (versus a 10.0% statutory requirement), 15.5% annualized return on equity, an 8.6% year-over-year loan portfolio growth to 7.6 billion DKK, and 16.6% deposit growth to 10.4 billion DKK. Recent strategic focus has been on Copenhagen-area geographic expansion and the build-out of a sustainability-themed lending vertical (energy efficiency home improvement loans, electric vehicle loans, renewable energy financing, and a 20,000 DKK heat pump subsidy via Totalkredit).
Skjern Bank firmographics
Firmographics- Name
- Skjern Bank
- Legal name
- Skjern Bank A/S
- Website
- https://skjernbank.dk
- Company type
- Public
- Founded year
- 1906
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Skjern Bank is a publicly listed Danish regional bank founded in 1906, operating 10 branches across Denmark to serve private, SME, agricultural, and wealth management clients with relationship-based banking, digital self-service, and partner-sourced mortgage and investment products.
- Ownership category
- akta.pro rank
Skjern Bank industry classification
Industry- Product category
- Retail Banking
- NAICS
- Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- SME Sector/Specialty Banking (Vertical-focused: Healthcare, Agri, Tech, etc.) (FSABABAI)
- akta.pro secondary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where Skjern Bank is headquartered
LocationHeadquarters
- HQ city
- Skjern
- HQ country
- Denmark
- HQ region
- Europe
Offices11 records
Markets served
Skjern Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Net interest and fee income: Traditional banking revenue from interest margins on loans and deposits, plus fee income from account management, card services, investment products, and advisory services. For 2025, net interest and fee income was 661,266 thousand DKK.
- Trading and investment income: Revenue from investment products, securities trading, and financial instruments. Includes Kursreguleringer (mark-to-market adjustments) and investment advisory fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Visa/Dankort - Basic debit card |
| Subscription | Annual | MasterCard - Mid-tier card with travel benefits |
| Subscription | Annual | MasterCard Debit Gold - Premium card with full travel insurance |
| Unit Pricing | Pay-as-you-go | Totalkredit Energy and Climate Check (Energi- og Klimatjek) |
| Other | Pay-as-you-go | Totalkredit subsidy for heat pump installation |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Skjern Bank product offering
Product offeringCore offering
Skjern Bank is a Danish regional bank providing retail and commercial banking products and services to private, SME, and agricultural customers through 10 branches across Denmark and a digital banking platform (Min Skjern Bank/Mobilbank). Core offerings include payment cards (Visa/Dankort, MasterCard), personal and business lending, mortgages via Totalkredit, agricultural financing, pension and wealth management (Formuefokus, Aktiesparekonto, BankInvest Optima), and green financing for energy-efficient home upgrades and electric vehicles.
Product overview
Skjern Bank is a regional Danish bank offering a comprehensive suite of banking products and services through a network of 11 physical branches across Denmark. The core product portfolio centers on Min Skjern Bank (digital banking platform available as Netbank browser and Mobilbank app), supplemented by card products (Visa/Dankort, MasterCard, MasterCard Debit Guld), lending solutions (personal loans, business loans, agricultural banking, home energy loans, electric car loans, renewable energy financing), and investment services (Formuefokus wealth management, Aktiesparekonto tax-advantaged stock account, BankInvest Optima and KontoInvest investment funds). The bank also provides corporate services including MobilePay Erhverv, Netbank Erhverv, and Skjern Bank Leasing. Sustainability-focused products include green loans for home energy improvements and electric vehicle financing. The bank operates primarily as a relationship-based retail and business bank rather than a technology-first platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Min Skjern Bank (Netbank)
- Visa/Dankort
- MasterCard
- MasterCard Debit Guld
- Pension (Pensionsfokus)
- Erhvervslån (Business Loans)
- MobilePay Erhverv
- Skjern Bank Leasing
- Formuefokus
- BankInvest Optima
- KontoInvest
- Aktiesparekontoen
- Landbrug (Agricultural Banking)
- Ung i Skjern Bank (Youth Banking)
- Boliglån til energieffektivisering
- Elbillån (Electric Car Loans)
- Lån til vedvarende energi
Companies that use Skjern Bank
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles4 records
Skjern Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Skjern Bank partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, supporting and minor.
- TotalkreditcoreTotalkredit is a key partner for Skjern Bank's mortgage lending. Through this partnership, Skjern Bank offers Totalkredit loans to customers, including energy efficiency improvements (Energi- og Klimatjek) and heat pump subsidies of 20,000 kr. for customers replacing gas or oil heating systems.
- BankInvestcoreBankInvest is the investment partner providing managed investment products. Through this partnership, Skjern Bank offers BankInvest Optima (for liquid funds) and other investment solutions as part of its wealth management offerings.
- NRGi RådgivningsupportingNRGi Rådgivning is Totalkredit's partner for conducting energy and climate checks on properties. Through the Totalkredit partnership, Skjern Bank customers can receive professional energy assessments of their homes to identify efficiency improvements.
- Danmarks IndsamlingminorSkjern Bank has donated to Danmarks Indsamling in 2022, 2023, and 2024. This initiative supports 12 humanitarian organizations and DR in helping people in the world's poorest countries, aligning with UN Sustainable Development Goals 1, 2, 3, 4, and 6.
- Røde KorsminorSkjern Bank donated to Røde Kors in 2022 to support humanitarian work in Ukraine and other crisis zones around the world.
- Kræftens Bekæmpelse (Knæk Cancer)minorSkjern Bank has supported Kræftens Bekæmpelse's Knæk Cancer campaign over several years, contributing to cancer research and patient support.
- Dansk FolkehjælpminorSkjern Bank supported Dansk Folkehjælp's Christmas assistance program in 2022 and 2023, which helps poor and vulnerable families in Denmark who cannot afford Christmas celebrations.
- Forenet KreditcoreForenet Kredit is the parent organization behind Totalkredit. Through the Totalkredit partnership, Skjern Bank accesses mortgage products backed by Forenet Kredit's cooperative model.
- Forum for Bæredygtig FinanssupportingSkjern Bank works with recommendations from Forum for Bæredygtig Finans (Forum for Sustainable Finance) to guide its sustainability efforts, focusing on both internal operations and customer support for green transition.
Scale indicators7 records
Recent moves8 records
Expansion highlights5 records
Skjern Bank competitors and assessment
Company assessmentEmerging players
- Lunar: Danish digital-first bank/fintech challenger targeting retail and SME customers in Denmark and the Nordics; represents the emerging disruption vector to traditional community banks like Skjern Bank on UX and product velocity.
Direct peers
- Nordjyske Bank: Listed Danish regional bank serving North Jutland with a comparable private/SME/agricultural mix and similar relationship-based model; a near-direct comparable for product breadth and customer segments.
- Ringkjøbing Landbobank: Listed Danish regional bank headquartered in Ringkøbing with a similar West Jutland footprint, comparable size, and matching focus on private, SME, and agricultural customers — the closest direct peer in scale and segment.
- Lollands Bank: Small listed Danish regional bank with a private/SME focus; comparable in scale and branch strategy, providing a small-cap template for community-bank economics in Denmark.
- Totalbanken: Small Danish regional bank on Funen serving retail and SME customers; similar sub-scale dynamics and customer mix to Skjern Bank, useful as a peer benchmark for cost-of-funds and ROE.
- Sparekassen Sjælland-Fyn: Danish regional savings bank operating across Zealand and Funen with a comparable mix of retail, SME, and agricultural lending — a strong peer for product portfolio and Danish-deposit-funded model.
Broad incumbents
- Sydbank: One of Denmark's largest listed regional banks with national coverage; competes directly with Skjern Bank in West Jutland and Copenhagen, but offers a much broader product set and larger balance sheet.
- Jyske Bank: One of Denmark's largest banks with full national coverage including its historic Jutland stronghold; competes head-to-head with Skjern Bank in private and SME banking but at significantly greater scale.
- Danske Bank: Denmark's largest universal bank and dominant retail/SME player; represents the competitive ceiling Skjern Bank faces on pricing, product breadth, and digital capability at national scale.
- Spar Nord: Listed Danish regional bank with national branch coverage serving retail and SME customers; larger than Skjern Bank but operates a similar relationship-led advisory model across Danish regions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Skjern Bank social profiles
Digital presenceSkjern Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Skjern Bank leadership team
Management profileNumber of profiles
Profiles16 records
Skjern Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Skjern Bank M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Skjern Bank
What does Skjern Bank do?
Skjern Bank is a Danish regional bank providing retail and commercial banking products and services to private, SME, and agricultural customers through 10 branches across Denmark and a digital banking platform (Min Skjern Bank/Mobilbank). Core offerings include payment cards (Visa/Dankort, MasterCard), personal and business lending, mortgages via Totalkredit, agricultural financing, pension and wealth management (Formuefokus, Aktiesparekonto, BankInvest Optima), and green financing for energy-efficient home upgrades and electric vehicles.
Is Skjern Bank a public or private company?
Skjern Bank is a public company. It is classified as public and is currently operating.
When was Skjern Bank founded?
Skjern Bank was founded in 1906. It employs 101 to 250 people.
Where is Skjern Bank based?
Skjern Bank is headquartered in Skjern, Denmark, in the Europe region.
How does Skjern Bank make money?
Two revenue lines are on record. Net interest and fee income is the primary driver. The others are trading and investment income.
Who are Skjern Bank's main competitors?
Lunar is listed as an emerging player. Direct peers are Nordjyske Bank, Ringkjøbing Landbobank, Lollands Bank, Totalbanken and Sparekassen Sjælland-Fyn. Broad incumbents are Sydbank, Jyske Bank, Danske Bank and Spar Nord.
Does Skjern Bank have an API?
No public API is recorded for Skjern Bank.
What industry is Skjern Bank in?
Skjern Bank's product category is Retail Banking. Its primary akta.pro industry code is FSABABAI, SME Sector/Specialty Banking (Vertical-focused: Healthcare, Agri, Tech, etc.), with a secondary code of FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 5221 and its SIC code is 6021.