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
29 apr - 
Vestas og Danske Bank scorer 11 mia. efter regnskaber ..
29 apr - 
Fredagens aktier: Vestas og Danske holdt C20 i relativ ..
29 apr - 
Aktier/middag: Vestas og Danske Bank belønnes, Novo str..
Relateret debat
04 apr - 
Ja, du er "sporskifter"...
04 apr - 
Du erkender i alle dine indløg at du ikke fatter noget ..
04 apr - 
Debatten er kørt ud på et sidespor. Der betales ikke fo..

-- 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 apr
DANSKE
Da jeg her til formiddag, som vanligt sad på min "pind" og arbejdede, hørte jeg pludselig støj fra k..
10
27 apr
NDA-DKK
SKAT har begået kriminelle handlinger ved at refundere milliarder i aconto skat af udbytter til udla..
8
29 apr
DANSKE
Jeg er rigtig godt tilfreds med at være Danske Bank kunde.   Og om det så endelig er Danmarks grimme..
7
30 apr
DANSKE
Danske bank er danmarksmabsolut bedste bank, det ved enhver der ikke er et fjols. De har både de bed..
6
30 apr
DANSKE
Hvis, du virkelig er så samfundsbevidst, som du giver udtryk for. Så, burde du måske slippe de tre f..
6
27 apr
NDA-DKK
Håneretten er noget specielt udviklet for stupide
6
30 apr
DANSKE
Kongebank. Jeg er mangeårig trofast kunde og kunne aldrig drømme om at skifte. Anbefaler Danske bank..
4
30 apr
DANSKE
6212 - Kan du så ikke også begynde at bruge aktiesymbolerne for Jyske Bank og Nordea. Det tror jeg D..
4
29 apr
DANSKE
Danske Bank er danmarks bedste bank!   - turin
4
28 apr
DANSKE
Nixen har prøvet og du bliver ved med at dukke op  
4

Fondsbørsmeddelelser

KORR: Mærsk: Fragtrater tager stort hop mellem Asien og Europa

29-04-2016 15:27:20
(Korr: rettet procenttal der var forkerte hos Journal of Commerce, red.)I den seneste uge er priserne for at fragte en container fra Asien til Europa i gennemsn..

Mærsk: Fragtrater tager stort hop mellem Asien og Europa -citat

29-04-2016 14:40:33
I den seneste uge er priserne for at fragte en container fra Asien til Europa i gennemsnit steget med hele 62 pct. Det skriver branchemediet Journal of Commerce..

Aktier/åbning: Tretrinsraket skyder Vestas i top - Novo daler

29-04-2016 09:20:42
Morgenstundens regnskaber fredag faldt mest positivt ud for Vestas, der efter få minutters handel ligger i spidsen af eliteindekset C20 Cap.Også Danske Bank og ..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge

Relaterede aktiekurser

Nordea Bank AB 77,95 -2,5% Fald i aktiekurs
Danske Bank A/S 183,80 3,7% Stigning i aktiekurs
Nordea Bank AB (publ) FD.. 8,49 -2,9% Fald i aktiekurs
Jyske Bank A/S 266,10 -0,6% Fald i aktiekurs
Sydbank A/S 183,80 -1,2% Fald i aktiekurs
Spar Nord Bank A/S 53,00 -0,9% Fald i aktiekurs
Nordea Bank AB 63,10 -2,9% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2016  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
2. maj 2016 05:37:53
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: ReleaseBuild_20160421.1 - EUROWEB2 - 2016-05-02 05:37:53 - 2016-05-02 05:37:53 - 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