In late 2011, the Danish central bank announced a three-year credit facility similar to that provided by the European Central Bank (ECB). In the Danish facility, banks gain access to liquidity in Danish kroner by providing collateral.
Danske Bank today decided to take advantage of the scheme and has thus obtained a three-year loan for DKK 15 billion. The Bank has provided collateral in the form of assets from its bond portfolio.
"We have chosen to avail ourselves of the Danish central bank’s new facility purely on the basis of business considerations,” says Chief Risk Officer Peter Rostrup-Nielsen. “We see the faculty as a positive element in banks' opportunities to support economic growth. Danske Bank has recently obtained liquidity in the form of senior debt as well as covered bonds issues, underscoring its strong liquidity position.”
Kenni Leth, Group Press Officer
Tel. +45 45 14 56 83
Mobile +45 51 71 43 68
Published on 30 March 2012