27 mar: Danske Bank/CEO: Kundetilfredshed halter lidt i Danmark
30 mar: Valuta: Euro-skeptikerne slår bak
27-03-2012 15:06:00

Danish Central Bank Copies ECB In Unlimited Loan Round

Relateret indhold
09:16 - 
Aktier/åbning: Matas lidt ned uden for rødt eliteindeks..
08:19 - 
Aktier/tendens: Matas' forventninger vil tage fokus ..
27 maj - 
Danske Bank vil være dobbelt så stor i Sverige - Medie ..

-- 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
22 maj
NDA-DKK
De blev købt den 06-05 til kurs 82.60 i denne tråd. 296234   Ja det er utroligt så hurtig man pludse..
3
24 maj
NDA-DKK
Ungee hvad jeg spørger om i et debat forum er da dig uvedkommende hvis ikke du kan /vil bidrage med ..
1
24 maj
NDA-DKK
Stadig.............................................................................   i dårligt humø..
1
24 maj
NDA-DKK
Check mybanker i stedet for at spilde folks tid herinde. Jeg spørger jo heller ikke om gode råd til ..
1
24 maj
NDA-DKK
danske bank..
1
22 maj
NDA-DKK
Ja den kan vel handles i helligdagshandel lige som den kan i aftenhandel     Okay så tirsdag da he h..
1

Fondsbørsmeddelelser

Skako: Straffes efter nedtrykkende kvartalsregnskab

28-05-2015 15:40:43
Årets første kvartal var præget af en vigende ordreindgang hos det faaborgensiske industriselskab Skako. Og på bundlinjen blev underskuddet næsten fordoblet i f..

Novo: Sanofi betaler 245 mio. dollar for forspring hos FDA

28-05-2015 12:04:35
Det franske medicinalselskab Sanofi har fået mulighed for at give kombinationsproduktet Lixilan en kortere behandlingstid hos den amerikanske lægemiddelstyrelse..

Aktier/middag: Små regnskaber i fokus på let positiv dag

28-05-2015 11:42:06
De danske aktier danser omkring udgangspunktet torsdag formiddag, hvor C20 Cap-indekset stiger med 0,1 pct. til 1027,24. Dermed holdes der fast i onsdagens pæne..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
NNIT afskediger 15 medarbejdere i Danmark
2
Novo: Sanofi betaler 245 mio. dollar for forspring hos FDA
3
Novo: Eli Lilly får godkendt højkoncentreret insulinpen
4
Danske vindmøller går som varmt brød i udlandet
5
Mærsk: Alliancepartner rygtes tæt på køb af nye kæmpeskibe

Relaterede aktiekurser

Nordea Bank AB 111,90 -0,8% Fald i aktiekurs
Danske Bank A/S 200,70 0,4% Stigning i aktiekurs
Nordea Bank AB (publ) FD.. 12,08 -1,2% Fald i aktiekurs
Sydbank A/S 260,30 0,1% Stigning i aktiekurs
Spar Nord Bank A/S 71,00 -0,7% Fald i aktiekurs
Jyske Bank A/S 329,60 0,5% Stigning i aktiekurs
Nordea Bank AB 89,80 -0,9% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2015  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
28. maj 2015 18:03:59
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: ReleaseBuild_20150528.1 - EUROWEB2 - 2015-05-28 18:03:59 - 2015-05-28 18:03:59 - 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