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Danske Bank A/S (Danske Bank A/S) Altman Z-Score


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What is Danske Bank A/S Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.


Danske Bank A/S (Danske Bank A/S) Business Description

Address
Holmens Kanal 2-12, Copenhagen, DNK, DK-1092
Founded in 1871, Danske Bank's headquarters are in Copenhagen, Denmark. It is the largest Danish bank with a dominant market share of 27% in lending and 29% in deposits. It operates through 270 branches in Denmark, Finland, Sweden, Norway, Ireland, and the United Kingdom. With the establishment of its wealth management segment in April 2016, the bank now operates via five segments. The others are banking Denmark, banking Nordics, corporates and institutions, and Northern Ireland.