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Arbejdernes Landsbank

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Arbejdernes Landsbank
Company typeAktieselskabet
IndustryFinancial services
Founded19 June 1919
HeadquartersVesterbrogade 5,
Copenhagen
,
Denmark
Key people
Gert R. Jonassen (managing director)
Jan Walther Andersen (CEO)
Decrease DKK 329.826 million[1] (2015)
Increase DKK 137.993 million[1] (2015)
Total assetsIncrease DKK 42,070.389 million[1] (2015)
Total equityIncrease DKK 5,279.627 billion[1] (2015)
OwnerFagligt Fælles Forbund (20%)
Number of employees
1,075 (2015)[1]
SubsidiariesAL Finans A/S[2]
Websitewww.al-bank.dk

Arbejdernes Landsbank (lit. '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

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The bank was founded by Danish trade unions, the Social Democrats and Arbejderkul (union of coal workers) with an initial 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 [da].[7]

As of 2014, the bank has 24,000 private shareholders, although the trade unions remain the major shareholders.[4][8]

Customer satisfaction

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

Sponsorships

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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 sponsors shirts for AGF and FC Midtjylland and has been a Super Partner of FC Nordsjælland since July 2011.

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

References

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  1. ^ a b c d e f "A/S Arbejdernes Landsbank – Koncernen Hovedtal" (PDF). Arbejdernes Landsbank. February 10, 2016.
  2. ^ "Organisation". Arbejdernes Landsbank.
  3. ^ "De største banker i Danmark". Monera. February 11, 2016.[permanent dead link‍]
  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. May 31, 2013.
  8. ^ "Indtjening falder markant for Arbejdernes Landsbank". JydskeVestkusten. August 20, 2014.
  9. ^ "Danmarks bedste bank 7 år i træk". Arbejdernes Landsbank.
  10. ^ "Danske Bank:: Tilfredsheden er steget, siden Kolding blev fyret". January 7, 2014.
  11. ^ "Arbejdernes Landsbank wins Loyalty Award". Loyalty Group. 2013. Archived from the original on December 22, 2017. Retrieved February 11, 2016.
  12. ^ "Loyalty Awards". Loyalty Group. Archived from the original on May 7, 2016. Retrieved February 11, 2016.
  13. ^ "Arbejdernes Landsbank slår storbanker på kundeloyalitet". Berlingske Business. December 30, 2015.
  14. ^ "Arbejdernes Landsbank bliver hovedsponsor for Brøndby IF" (in Danish). Brøndby IF. Retrieved January 24, 2017.
  15. ^ "ASponsorater" (in Danish). Arbejdernes Landsbank. Retrieved January 24, 2017.
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