Regulatory Alerts2026-06-01
Report on Ordinary Inspection of Danske Andelskassers Bank A/S
The Danish Financial Supervisory Authority issued this inspection report following an ordinary review of Danske Andelskassers Bank A/S in 2026, mandating that the bank's executive board annually assess critical data quality and initiate corrective measures to prevent decision-making on insufficient grounds. The report further orders the bank to ensure its compliance function conducts independent, effective evaluations of its control procedures, addressing risks that current reviews may appear more reassuring than they actually are. Additionally, the inspection highlighted elevated loan growth and agricultural exposures, noting that recent organizational restructuring costs have not yet been offset by earnings, while a solvency requirement of 10.3 percent was established following the downgrade of two group loans.