07:31 / 11 maj 2020
Today ABG Sundal Collier sponsored research initiates coverage of Den Jyske Sparekasse. Read the full report here!
Den Jyske Sparekasse - A Danish savings bank
DJS has a market share of well below 1% in Denmark with lending exposure concentrated in the middle part of Jutland. The bank has 19 branches, ~350 employees and 97,000 customers. Exposure is tilted towards agriculture (~17%) but DJS is seeking to reduce its exposure to agriculture as well as to real estate (below 10%). DJS has introduced an intention of a 25% dividend pay-out at some point in the future depending on its capital accumulation.
