Between 2013 and 2023, the number of commercial bank branches per hundred thousand adults in Denmark has been on a consistent decline, falling from 30.01 establishments to 15.68 establishments in 2023. Significant year-on-year decreases were observed, notably in 2013 (-11.94%), 2015 (-11.16%), and 2017 (-13.89%). However, the decline has slowed particularly from 2018 onwards, with smaller reductions noted such as -5.54% in 2022 and -5.26% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years reflects an average annual decrease of -5.54%.
Looking forward from 2024 to 2028, the forecasted CAGR is -3.11%, suggesting a continued but more moderate decline. By 2028, it is expected that the number of bank branches will decrease to 12.74 establishments per hundred thousand adults, amounting to a total decrease of -14.61% over the five-year period.
Future trends to watch for include further digitalization of banking services, which may exacerbate the reduction in physical branches, alongside evolving consumer behavior favoring online banking solutions and financial technology integrations.
