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Danske Bank raises interest rates

Press release

As a result of the persistent financial turmoil and increasing financing costs, Danske Bank will raise lending rates and the deposit rates on selected products by up to 0.5%. The increase will not apply to Danske Prioritet and Danske Prioritet Plus, however.

The adjustments will take effect on October 6, 2008.

"We continue to see rising financing costs in the capital markets," says Henrik Normann, head of Danske Bank Denmark. "In our opinion, this situation is not about to change, and therefore we have to raise interest rates."

Danske Bank

Henrik Normann, head of Danske Bank Denmark, tel. +45 45 14 04 44
Jonas Torp, head of Press Relations, tel. +45 45 14 56 94, mobile +45 25 55 63 25