CPH Post

Business

Cash-rich banks are hungry to lend

Analysis concludes that banks with a large deposit surplus are more likely to lend to businesses


To find the best loan deal, go to the financial institutions with the most cash in the vault, the analysis suggests (Photo: Colourbox)

July 15, 2014
13:55

by Philip Tees


Banks have too much money lying about and are eager to lend it to businesses, Børsen business newspaper reports.

An analysis by Bankinfo has shown that finding the best loan deal is simply a matter of going to the financial institutions with the most cash in the vault, Steffen Torvits, a partner at Bankinfo, told Børsen.

“If you are a company looking for a loan or for better terms, it’s a good idea to try to find the hungry financial institutions,” he said.

Bankinfo identified 15 ‘hungry’ banks, which in principle should be more willing to give a loan with attractive terms.

A refusal isn't necessarily the end
Companies that have been turned down should therefore not give up hope, Torvits explained.

The rejection, he said, can often be a sign that the banks have problems they need to address. And instead the companies should approach the 'hungry' banks.

“They all want you to come to them,” Torvits said. “So if you also get a refusal there, you should listen carefully to why you got it.”

Arbejdernes Landbank hungriest
Arbejdernes Landsbank topped the list of ’hungry’ financial institutions with a deposit surplus of more than 10 billion kroner.

The bank’s spokesperson, Gert R Jonassen, said the bank was very interested in making loans to businesses, but said that they would not be loosening  their criteria for granting them.

“You need to believe that the customer has both the will and the ability to pay back the loan,” he told Børsen.

“You should never be so hungry that you compromise on that.”



Related stories



Latest Comments

What's amazing to me. Total feminist uproar about this nail polish as "rape...

(Cliff Arroyo on August 29, 2014 11:55)

Ahh Yes 70 years was such a long time ago . .... NOT . The state of...

(Hamish Carey on August 29, 2014 08:21)

A bit slow these Danes are... This has been going on for ever, and it's not...

(Alex DeGre?t on August 29, 2014 01:56)

Emily dont be put off . . Dating is either realy good or realy bad.. ive had...

(Nic Tuppen on August 28, 2014 23:22)

The bison are real cool. And so massively big. Ive seen some at the new...

(Nic Tuppen on August 28, 2014 23:09)

I hear there`s one in our local animal brothel..

(Jon Paris King on August 28, 2014 21:40)

25 to life.

(August 28, 2014 18:23)

My doctor told me I had gonorrhoea, chlamydia, and onomatopoeia. I asked,...

(Finnbar Macabee on August 28, 2014 15:56)

Pink meat rules !!!

(Jon Paris King on August 28, 2014 13:29)

It was never off the selves, I have been buying mine at various shops in...

(Mark Jones on August 28, 2014 12:43)