Lenders to export-oriented firms may face losses – Danish governor
Nødgaard also recommends that banks improve their cyber defence plans
Banks in Denmark that lend to export-focused firms may face losses this year, the governor of the country’s central bank has warned.
Ulrik Nødgaard told the Association of Local Banks, Savings Banks and Co-operative Banks in Denmark on May 15 that mid-sized lenders were “especially exposed” as their new business loans included a “higher share of clients flagged as risky by other banks”.
He said that although banks had not seen a rise in non-performing loans in 2024 – and their incomes had grown
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