Danish FSA approves Sydbank’s acquisition of Arbejdernes Landsbank, Vestjysk Bank

Sydbank’s acquisition of Arbejdernes Landsbank and Vestjysk Bank has received last regulatory approval, marking a important measurement successful Danish banking consolidation 2025.

On 5 December, the Danish Financial Supervisory Authority (FSA) granted its approval, satisfying each regulatory requirements for completion.

The merger positions Sydbank arsenic Denmark’s fifth-largest bank, reported Bloomberg.

On 27 October, Sydbank agreed to get its 2 smaller Danish rivals, Arbejdernes Landsbank and Vestjysk Bank.

The boards of each 3 banks supported the transaction, which strengthens Sydbank’s beingness successful a fragmented market.

The Danish Competition and Consumer Authority approved the merger connected 1 December, and wide meetings astatine Vestjysk Bank, Aktieselskabet Arbejdernes Landsbank, and Sydbank connected 2, 3, and 4 December 2025, respectively, endorsed the deal.

The merger volition beryllium registered with the Danish Business Authority today.

The past trading time for Vestjysk Bank shares is scheduled tomorrow, with the speech of shares for some Vestjysk Bank and Aktieselskabet Arbejdernes Landsbank expected to instrumentality spot connected 12 December 2025.

The merged entity volition run arsenic AL Sydbank A/S, headquartered successful Aabenraa, Denmark wherever Sydbank is based.

The caller slope volition person full lending of DKr137bn ($21.40bn), deposits of DKr207bn ($32.33bn), and full recognition intermediation of DKr375bn ($58.57bn).

After the merger, the ownership of AL Sydbank volition beryllium divided among Sydbank’s existent shareholders (57.15%), Arbejdernes Landsbank shareholders (39%), and Vestjysk Bank shareholders (3.85%).

Sydbank expects the merger to make astir DKr1.2bn successful yearly outgo synergies wrong 2 years, chiefly done consolidation of staff, optimisation of branches, and IT integration.

“By joining forces, we volition execute a semipermanent presumption successful the Danish banking marketplace and frankincense safeguard our independency and semipermanent worth creation,” Sydbank seat Ellen Trane Norby said successful the merchandise astatine the clip of the woody announcement.

This improvement reflects the ongoing inclination of banking consolidation successful the Nordic region, reported the media outlet.

The tie-up follows DNB Bank ASA’s caller acquisition of Carnegie.

In the past year, Nykredit Realkredit agreed to get Spar Nord Bank, portion Sydbank besides announced a woody to get Coop Bank.

"Danish FSA approves Sydbank’s acquisition of Arbejdernes Landsbank, Vestjysk Bank" was primitively created and published by Retail Banker International, a GlobalData owned brand.

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