27 mar: Peru PM: PetroPeru To Become Partner In Camisea's Block ..
27 mar: 2nd UPDATE: Walgreen 2Q Profit Falls 7.7% On Express Scripts Exit
27-03-2012 15:06:00

Danish Central Bank Copies ECB In Unlimited Loan Round

Relateret indhold
01 sep - 
Mandagens aktier: Sidepapirer stjal fokus på stille dag
01 sep - 
Nordea Kredit varsler nyt afdragsfrit lån
01 sep - 
Aktier/middag: Ekstase på vestegnen efter Aggers hjemko..
Relateret debat
31 aug - 
Dear sir, We offer seasoned and fresh cut bank instrume..
30 aug - 
Tak Alpe! Det luner!
30 aug - 
Ukraine er politisk og geografisk delt i to dele, den e..

-- Denmark's central bank to provide long-term funding for banks to bridge maturing state loans

-- Analysts expect Danish banks to borrow DKK40 billion-DKK50 billion on Friday

-- Mainly smaller banks are expected to use the central bank facility

By Gustav Sandstrom

Of DOW JONES NEWSWIRES

Denmark's central bank is expected Friday to provide the country's smaller lenders with well-needed long-term financing to help bridge maturing state loans and ease some of the funding problems facing the country's fragmented banking sector.

On Friday and again in a second round in September, the National Bank will offer unlimited amounts of three-year loans to Danish banks against collateral including government and mortgage bonds, through a facility much akin to the European Central Bank's long-term refinancing operation to European banks that recently helped revitalize the Continent's funding markets.

"I think this is a welcomed facility for primarily the smaller banks," analyst Simon Christensen at Nordea said. "It will win time and help avoid an uncontrolled deleverage of banks' assets."

Many of the banks in Denmark--which has well over 100 lenders to serve a population of around 5.6 million--have struggled to finance themselves through the bond markets after a number of smaller banks including Amagerbanken and Fjordbank Mors went down last year in the wake of the financial crisis.

Meanwhile, the banks will this year and next need to pay back an estimated 100 billion-150 billion Danish kroner ($18 billion to $27 billion) of state-backed loans under an earlier guarantee scheme.

The National Bank's facility will serve as a bridge when the state-backed loans fall due, spokesman Karsten Biltoft said. The central bank has no target for how much to lend, and it remains to be seen how much the banks will borrow, he added.

In total, Danish banks are likely to borrow some DKK40 billion-DKK60 billion in Friday's operation--mainly smaller banks aiming to replace their maturing state loans, said analyst Christian Hede at Jyske Bank.

There should be less than DKK70 billion in state-backed loans to replace in the near term, he said, as many banks have already taken action to ramp up their funding, and some have taken government loans that aren't callable until next year.

"We welcome the new loan facility," Director Jan Kondrup at Lokale Pengeinstitutter, which represents local banks in Denmark, told Dow Jones Newswires on Tuesday. "I have heard from many of the banks that they will use it," noting that the initial interest rate of 1.7% would be favorable.

Spokesman Kenni Leth at Danske Bank A/S (DANSKE.KO), Denmark's largest bank by market capitalization, Monday said his company is still undecided on whether to make use of the central bank loans.

The other major listed banks in Denmark--Jyske Bank A/S (JYSK.KO), Sydbank A/S (SYDB.KO), Spar Nord Bank A/S (SPNO.KO) and Sweden-listed Nordea AB (NDA.SK)--won't use the facility, as they already have good access to funding, representatives told Dow Jones Newswires.

Still, the loan facility will be useful as it will win additional time for the participating banks to ramp up funding or reduce their loan books over a prolonged period of time, said Jyske Bank's Hede, adding that market conditions will hopefully improve until 2015 when the three-year loans mature.

Without the National Bank's bridge loans, many banks would have needed to offload assets in a short period of time as their government loans fall due, and that would have hit small and midsize companies, which are important for creating jobs in Denmark, said Nordea's Christensen. "I think this will give an easier exit from the crisis than what we would otherwise have had," he added.

- By Gustav Sandstrom, Dow Jones Newswires; +46-8-5451-3099; gustav.sandstrom@dowjones.com

(END) Dow Jones Newswires

March 27, 2012 11:06 ET (15:06 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
28 aug
JYSK
Russerne leger i deres egen sandkasse?? Ukraine er et selvstændigt land. Jeg har en ukrainsk kollega..
5
31 aug
DANSKE
Margrethe Vestager er blevet udnævnt til ny EU-kommissær, og fordi hun er så relativt erfaren og kom..
4
27 aug
DANSKE
http://finans.borsen.dk/artikel/1/289449/finanstilsynet_bankchefer_er_sluppet_for_billigt.html   Ban..
4
30 aug
DANSKE
Det er jo løgn. Skatten på aktiegeveindster er ikke lav i danmark.   I Holland er den 0%. I danmark?..
3
30 aug
DANSKE
Nu er det jo ikke på skattelettelserne de rigeste tjener deres penge.   Det er på at tage risiko og ..
3
30 aug
DANSKE
Ja det er ret godt, at de velhavende bliver rigere, for deres penge er bundet i private arbejdsplads..
3
29 aug
JYSK
Der er reelt intet nyt i det. Der bliver ingen full scale war i europa med nato mod rusland. Tror ma..
3
27 aug
DANSKE
Det næste bliver kanonkaj kræver finanstilsynet undskylder overfor bankcheferne fordi de nærmest døm..
3
27 aug
DANSKE
Er det politiet eller er det lovgivningen. Jeg tror mest på det sidste. Også på at ingen politikere ..
3
30 aug
DANSKE
»Alle taler om høje skatter i Danmark, men den danske skat på aktier og arv er lav i forhold til lan..
2

Euroinvestor.com A/S løfter omsætningen og indtjeningen markant.

29-08-2014 10:55:42
Delårsrapport 2014 for Euroinvestor.com A/S Fondsbørsmeddelelse nr. 11. 2014  29. august 2014 Resumé: Delårsrapport 2014 ..

Aktier/tendens: Regnskaber, nøgletal og Rusland/Ukraine i fokus

29-08-2014 08:30:15
Det tegner til en flad til let positiv udvikling for de danske aktier, når markedet åbner fredag kl. 9:00. Futures på de store europæiske børser peger i hvert f..

Vestas: Energiagentur advarer om afmatning

28-08-2014 16:00:21
Usikkerhed om politiske rammebetingelser truer med at dæmpe momentum for investering i vedvarende energiprojekter, konkluderer det internationale energiagentur,..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/åbning: Brøndby IF hamrer i vejret
2
Rekordmange danskere flyver fra Hamborg - avis
3
Aktier/Nordea: Venter stigninger i ellers værste aktiemåned
4
Ukraine trækker sig fra kamp i lufthavn
5
Vestas-kunde får grønt lys til nyt mølleprojekt i Halland

Relaterede aktiekurser

Jyske Bank A/S 311,00 0,0% Aktiekurs uændret
Sydbank A/S 172,10 0,0% Aktiekurs uændret
Spar Nord Bank A/S 60,50 0,0% Aktiekurs uændret
Danske Bank A/S 158,60 0,0% Aktiekurs uændret
Nordea Bank AB 90,40 0,0% Aktiekurs uændret
Nordea Bank AB (publ) FD.. 9,83 0,0% Aktiekurs uændret
Nordea Bank AB 73,00 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Relaterede selskaber
Få adgang til information og anbefalinger af relaterede selskaber med PLUS pakken.

Du får adgang til 7 værdifulde investorværktøjer til investering.

Klik her og læs mere om PLUS pakken.
Euroinvestor i andre lande: Euroinvestor.com | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
2. september 2014 06:24:04
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20140825.1 - EUROWEB5 - 2014-09-02 06:24:04 - 2014-09-02 06:24:04 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x