Danish banks not eager to loan money to businesses

The Confederation of Danish Industry is concerned

Lucie Rychla

Jan 27, 2016

For the first time since the financial crisis, Danish banks and mortgage companies are slowing down on making loans to local businesses, reveals an analysis of the National Bank.

Across the board, credit managers are tightening loan policies in ways that match the rules implemented in the early months of the 2009 financial crisis.

“This situation is very concerning, and we will follow it ver closely,” Kent Damsgaard, assistant head of the business interest organisation Dansk Industri (DI) told Finans.

The Danish National Bank said that there is no need for concern, and that banks are still providing plenty of credit.

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