Jyske Bank completed the acquisition of PFA Bank for DKK245m.

Jyske Bank, a Danish commercial bank that provides a range of financial services to individuals, businesses, and institutional clients, completed the acquisition of PFA Bank, a subsidiary of PFA Holding, a Danish pension and insurance company, for DKK245m. ”The acquisition reflects Jyske Bank’s ambitions of high-quality growth and underlines the Group’s role in market consolidation. Jyske Bank has an attractive value proposition within asset management and wealth management advice, and the Group’s private banking clients have over the past seven years been Denmark’s most satisfied clients. We are looking forward to welcoming PFA Bank’s clients.” Lars Stensgaard Mørch, Jyske Bank Group Strategy Director.