Arbejdernes Landsbank

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Arbejdernes Landsbank
Aktieselskabet
Industry Financial services
Founded June 19, 1919
Headquarters Vesterbrogade 5, Copenhagen, Denmark
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]
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[edit]

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[edit]

In customer satisfaction studies among Danish banks, Arbejdernes Landsbank is consistently ranked as the highest rated bank.[9][10][11][12][13]

Sponsorships[edit]

AL is one of the main sponsors of the Danish women's national handball team. On 1 July 2016, AL became the principal sponsor of the football side Brøndby IF in a four-year deal.[14] Al is also shirt sponsor for AGF and has been a Super Partner of FC Nordsjælland since I July 2011.

AL is also sponsoring Giv Håb, an organisation that supports children who experience serious decease or death in their immediate family. AL is also supporting Danish film as a sponsor of the "Bag om filmen"-programme.[15]

References[edit]

  1. ^ a b c d e f "A/S Arbejdernes Landsbank - Koncernen Hovedtal" (PDF). Arbejdernes Landsbank. 2016-02-10. 
  2. ^ "Organisation". Arbejdernes Landsbank. 
  3. ^ "De største banker i Danmark". Monera. 2016-02-11. 
  4. ^ a b "Historien fortsætter". Arbejdernes Landsbank. 
  5. ^ "4.5: Arbejdernes Brændselsforretning - Arbejderkul". Arbejdermuseet. 
  6. ^ "Historie". Arbejdeners Landsbank. 
  7. ^ "Arbejdernes Landsbank ser potentiale i østjysk opkøb". Børsen. 2013-05-31. 
  8. ^ "Indtjening falder markant for Arbejdernes Landsbank". JydskeVestkusten. 2014-08-20. 
  9. ^ "Danmarks bedste bank 7 år i træk". Arbejdernes Landsbank. 
  10. ^ "Danske Bank:: Tilfredsheden er steget, siden Kolding blev fyret". 2014-01-07. 
  11. ^ "Arbejdernes Landsbank wins Loyalty Award". Loyalty Group. 2013. 
  12. ^ "Loyalty Awards". Loyalty Group. 
  13. ^ "Arbejdernes Landsbank slår storbanker på kundeloyalitet". Berlingske Business. 2015-12-30. 
  14. ^ "Arbejdernes Landsbank bliver hovedsponsor for Brøndby IF" (in Danish). Brøndby IF. Retrieved 24 January 2017. 
  15. ^ "ASponsorater" (in Danish). Arbejdernes Landsbank. Retrieved 24 January 2017.