Danske Bank raises interest rates

July 1, 2011

Danske Bank raises interest rates

Danske Bank raises its lending rates by up to 0.50 of a percentage point for both personal and business customers. The rate increase takes effect on 1 August 2011.

The background for the increase is the higher funding costs of the Danish banks, including Danske Bank even though we are one of the best capitalised banks in Europe. 

One reason for the higher funding costs is the rise in the Danish banks’ payments to the Deposit Guarantee Fund. In the first half of 2011 alone, Danske Bank recognised a charge of DKK 1.3 billion for its payments to the Guarantee Fund.


Danske Bank

 

Contacts:
Tonny Thierry Andersen, Member of the Executive Board, tel. +45 45 14 07 07
Anders Klinkby Madsen, First Vice President, tel. +45 45 14 57 95, mobile +45 25 10 19 19

Contact usContact us

You can contact us any time at +45 33 44 00 00. 

See contact persons
More contact info
Contact

Head office


Danske Bank Group
Holmens Kanal 2-12 1092 Copenhagen K

Find us on a map

Call us at any time


33 44 00 00

Send us a mail More contact info

Direct contacts for


Investors Job seekers Journalists Shareholders Suppliers Corporate Responsibility