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
08:26 - 
Aktier/tendens: Forsat prisfald for olien sender Mærsk ..
06:39 - 
Danske Bank: Moody's løfter langsigtet kreditvurdering
27 nov - 
Nordjyske Bank overvejer at købe Nørresundby Bank
Relateret debat
24 nov - 
Nordea's praler at de er den bedste bank i Norden (Euro..
22 okt - 
Nordea anvender stadig Styresystemet OS2, så de trænger..
22 okt - 
Det kan forhåbentligt kun blive bedre. Nordeas netbank,..

-- 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
27 nov
DANSKE
Tak fordi du bekræfter mig i mit indlæg.
8
27 nov
DANSKE
Hvorfor blander du dig så i en debat om aktier, du ikke har nogen form for interesse i?? Hvis du vil..
5
27 nov
DANSKE
nu har jeg arbejdet i db i mange år - dog ikke de sidste 2 hvilket skyldes sygdom - men har stadig l..
4
25 nov
DANSKE
Du ryger i mit filter nu. Du er bare for meget. hilsen fedtmule
4
25 nov
DANSKE
Danske Bank er en fremragende aktie at have, jo mindre moral og etik de udviser jo mere tjener jeg p..
4
21 nov
DANSKE
Og for god ordens skyld, så kunne forskerne jo lave en undersøgelse om, hvordan det står til med sny..
4
26 nov
DANSKE
ja da, efter et 10/1 split
3
25 nov
DANSKE
Nej vi kan desværre ikke alle sammen være lige så fromme som dig.
3
25 nov
DANSKE
Nej jeg er ikke kunde i Danske Bank jeg har kun deres aktier.
3
21 nov
DANSKE
Det er lige meget.... aktien stiger 
3

Fondsbørsmeddelelser

Aktier/tendens: Forsat prisfald for olien sender Mærsk i fokus

28-11-2014 08:26:24
Det danske aktiemarked ventes fredag at lægge roligt ud, efter at C20 Cap-indekset torsdag i handlens døende minutter vendte på en tallerken og endte dagen med ..

Roblon opjusterer resultatforventningerne til helåret - NY

27-11-2014 15:45:05
Efter at være blevet forelagt de foreløbige regnskabstal for regnskabsåret 2013/14 har bestyrelsen i Roblon fundet anledning til at justere på forventningerne t..

Jyske Bank sætter F1-rente på 0,3 pct.

27-11-2014 14:24:03
Jyske Bank har fastsat basisrenten på sit populære F1-banklån på 0,3 pct. Det sker, efter at renten på det klassiske F1-realkreditlån er landet på 0,51 pct. ved..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
SAS har succes med luksus-rute til USA - avis
2
Mærsk/Berenberg: Alt for billig - potentiale på cirka 50 pct
3
Aktier/middag: Investorerne skifter mening om Royal Unibrew
4
Lundbeck: Analytikerne skærer halvanden mia. af forventningerne
5
USA: Amerikansk aktiemarked lukket på grund af Thanksgiving

Relaterede aktiekurser

Nordea Bank AB 94,90 -0,9% Fald i aktiekurs
Nordea Bank AB (publ) FD.. 10,23 -0,7% Fald i aktiekurs
Danske Bank A/S 169,40 0,2% Stigning i aktiekurs
Spar Nord Bank A/S 58,50 -0,9% Fald i aktiekurs
Sydbank A/S 188,40 -0,1% Fald i aktiekurs
Jyske Bank A/S 309,80 -0,1% Fald i aktiekurs
Nordea Bank AB 76,15 -0,9% Fald i aktiekurs

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.
 
28. november 2014 09:29:35
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20141127.2 - EUROWEB1 - 2014-11-28 09:29:35 - 2014-11-28 09:29:35 - 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