More and more payments are being made electronically, and the day is approaching when cash will no longer change hands over shop counters. According to a survey conducted by Epinion for Danske Bank, three out of four small and medium-sized enterprises (SMEs) in Denmark believe that, for them, cash will be a thing of the past in five years.

COLUMN: Lars Skovgaard Andersen, investment strategist with Danske Bank, sees attractive return potential in electric vehicles. Public support is essential for the success of any new technology, because such support tends to influence politicians who, in turn, secure attractive conditions, facilitating the manufacture of the product and bringing it to market. And currently, EVs are enjoying a sweet spot backed by broad popular focus on the environment and climate change.

New numbers show, that 63 % of payday loans among young people between the ages of 18 and 29 are taken out by men - and according to private economist in Danske Bank, Louise Aggerstrøm Hansen, that can be the beginning of a downward financial spiral. 

The global and especially the European economies have weakened since the middle of 2018, with serious headwinds for German manufacturing and lots of political uncertainty over a trade war, Brexit and the ongoing budget crisis in Italy. So far, the Nordic economies have been remarkably resilient, with continued decent GDP growth and quite strong export performances, but what will happen moving forward?

The trade war between China and the US and weakening market confidence is weighing on the global economic outlook - that's one way to sum up the macro economic “The Big Picture” report from Danske Bank.

Earlier this year, Danske Bank launched Time to Give – a new programme that gives employees in all countries the opportunity to spend one workday per year carrying out voluntary work. Zivile Maldeikyte, who is working with communication in Danske Bank in Lithuania, is recording audiobooks for blind and partially sighted people.    

Criminals wanting to hide the source of their income change methods all the time.
Now Linus Fugl, Head of Transaction Services at Danske Bank, warns that children as young as 12 are being used as mules and tricked into laundering money.

Swedish retail giant H&M has been garnering awards for its sustainability initiatives, and it is ranked number 11 out of 500 companies in Newsweek’s Green Ranking, which surveys and evaluates how good companies are at integrating sustainability into their business. This was one of the factors behind H&M’s attendance at a conference recently held for our Corporates & Institutions customers.

Danske Bank Asset Management has been named the best asset manager in Denmark in 2019 by Prospera.