Ringkjobing Landbobank will have a new private banking branch in Aarhus in the first quarter of 2014.

The branch is being established after the success achieved over the last three years from private branches in Ringkobing, Herning and Holte.

Customer demand means the branch in the Aarhus area has been long anticipated. Financial advice and discussions and major deposit and loan transactions with affluent private and business customers will be available.

Individual investment advice and trading in securities will also be of service.

Last year the firm had a 19% return on equity and the banks market value on the Copenhagen stock exchange is DKK 5.3 billion.