Spar Nord Bank A/S (omx: CSE3260 SPNO) is a bank based in North Jutland, Denmark.
The history of the bank can be traced back to May 12, 1824,[1] where "Bye og Omegns Sparekasse" (The Savings Bank for Town and County) was established in Aalborg. After a number of mergers through the 20th century, the name was changed from "Sparekassen Nordjylland" (The Savings Bank of Northern Jutland) to its current short form.
In the 2010s Spar Nord has opened several offices in larger towns outside Northern Jutland in Denmark. As of 2019, it is Denmark’s sixth largest bank.[2]
In December 2024, domestic rival Danish lender Nykredit announced its intention to acquire Spar Nord for DKK 24.7 billion, and Spar Nord's board of directors stated that it supported the bid. The takeover would create the third largest banking group in Denmark, with a 13% share of the market.[3] By March 2025, Nykredit's take in Spar Nord reached more than 80%[4] and, after a compulsory acquisition of the remaining Spar Nord Bank shares, Nykredit delisted Spar Nord Bank from Nasdaq Copenhagen.[5]
See also
External links
References
- Spar Nord Bank - Banken for både private og erhverv^
- Nikolaj Skydsgaard. Danish bank Spar Nord announces minus 0.75% interest on deposits Reuters, 3 October 2019^
- Sara Sjolin. Denmark’s Nykredit to Buy Spar Nord Bank for $3.5 Billion Bloomberg, 10 December 2024^
- Terje Solsvik. Nykredit secures 80% stake in Spar Nord Bank, plans takeover and delisting Reuters, 19 March 2025^
- Nasdaq Copenhagen A/S has accepted the request for delisting of Spar Nord Bank A/S' shares GlobeNewswire, 25 June 2025^