2014

 
​The Danish Bankers Association agrees with the need of strengthening the cyber- and information security in Denmark, and supports the initiatives in the Government’s proposal. The business community should be involved in the further work.
 
​Today’s stress test from the National Bank of Denmark confirms the image of a solid Danish banking sector. This is great news for the financial stability, and at the same time, a good prerequisite for economic growth.
 
​There are good measures to trace in the ICT growth package, which was presented by the Government Tuesday. Furthermore, it is positive that the Government focuses on the IT security threat, however, a Company Council for IT Security cannot stand alone. The Danish Bankers Association believes that the threat is too great and therefore calls for the establishment of an actual National Security Council.
 
​The Danes have given the Express Clearing a warm welcome. In less than a week, the turnover has reached DKK 1 billion.
 
​Many entrepreneurs attended the Danish Bankers Association, the Danish Chamber of Commerce and FSR - Danish Auditors’ Week47-event focusing on financing. The participants were met with the following question: what makes your business worth investing in?
 
​Denmark will get a new and better payments infrastructure on the 21st of November, when the banks launch the Express Clearing. This puts an end to a major modernisation project, which has increased the flow rate of payments since May 2012.
 
​Analysis: The vast majority of Danish companies get a “Yes”, when they apply for a bank loan, and the acceptance rate in Denmark is among the highest in Europe. This is evident in a new and comprehensive analysis of 16,875 SMEs’ access to financing conducted by the European Commission, including 500 Danish.
 
​Week 47: A rejection in the bank does not last forever. Within a few years, many companies are able to improve their solvency and thereby increase their credit rating. This is evident from the Danish Bankers Association’s new figures concerning small companies’ access to loan finance.
 
​Week 47: In the start-up phase, entrepreneurs need two types of capital: venture capital and a bank loan. The two types of capital are often confused, and some entrepreneurs thus experience that the banks do not meet their expectations.
 
​Three bank robberies were committed in the third quarter. Year to date, a total of 16 robberies have been committed.
 
​This Friday, the EU Commission announced the final liquidity rules for credit institutions where Danish mortgage credit bonds receive the highest qualification.
 
​On 1 October, the Danish Bankers Association introduces a new economic model, ‘Husstandsspillet’, which shows the impact of different changes in economic policies on personal finances. The game is designed for teaching in social studies in Denmark’s upper secondary school.
 
​Analysis: a risk capital injection can help farmers considerably when applying for bank loans. New calculations of the Danish Growth Fund’s agricultural customers show that 1 Danish Krone from the Danish Growth Fund has resulted in an additional 2.8 Danish Kroner from the bank.
 
​The Danish banks were not hit by online banking break-ins in the 2. quarter of 2014. IT-criminals have changed their behaviour.
 
​The financial sector is facing a time of change, which sets new demands for business models, product innovation, customer relations and not least IT security. And it is exactly these topics that are on the agenda on 11 September, when Axelborg sets the setting for the yearly Finance IT 2014.
 
New figures from RKI (Danish credit registration system) show a small decrease in the number of young Danes registered as bad payers. The Danish Bankers Association will strengthen the Money Week effort in 2015 in order to increase children’s and young people’s knowledge of personal finance.
 
​Today, the agriculture finances almost all of its debts through variable rate loans. This gives the trade a high sensitivity towards interest rates, which should be dealt with by risk management.
 
​For the first time since the financial crisis, credit conditions for loans to businesses have been adjusted in the euro area. This is what new figures from the European Central Bank (ECB) show. At the same time, the central bank records an increase in corporate loan demand.
 
​The Danish banks have eased the credit policy in the second quarter and are expected to ease further in the coming quarter.
 
​Wednesday night, Sidsel, Thomas and Nikolai from Midtfyns Gymnasium (upper secondary school located on the island of Funen) went to the top of the traditional entrepreneurial competition for upper secondary school students, European Business Games. They won the final, which took place in the Italian town Perugia, with a small plastic thing that makes it easy for arthritic and other physically challenged people to tighten their laces.
 
​They did not believe it themselves, that something so simple as a small plastic thing helping weak people tighten their shoelaces could win the Danish final of the European Business Games.
 
​On 15 July 2014, Oracle will introduce a new Java update, which is prerequisite to be able to use NemID.
 
​The Danish Bankers Association is participating at this year’s People Meeting on the island of Bornholm. Here, we will have our own School Ship and the brand new Finance Tent where we will debate issues that directly influence the Danes’ everyday life – from trust and social responsibility to issues like loans to rural districts and young people and debt.
 
​The Danish banks have reduced costs and thus strengthened the bottom line with a return on equity of approximately 7 percent.
 
​The Danish government’s growth proposal is going in the right direction. The Danish Bankers Association finds particularly the change in the tax rules for capital income positive, because it will help companies when they go to the bank and apply for loans.
 
​Danish companies can now borrow 1m Danish Kroner for an average price of 15,000 Danish Kroner per year, which is four times lower than in 2008. Today's new interest rate statistics from Danmarks Nationalbank (central bank of Denmark) confirm this. 
 
​New calculations from the Danish Bankers Association show that the progressive tax on share income favours investments in companies with low risk profiles. This hampers the Danish productivity, says the Danish Bankers Association’s Chief Economist.
 
​As a part of the ongoing evaluation of CIBOR, the Danish Bankers Association has developed a new scheme to make CIBOR quotas tradable. The scheme provides CIBOR reporting to act on the other CIBOR submitters quotations. The work on the scheme has now come so far, that a trial period is established from 1 May to 1 September 2014.
 
​The Danish Bankers Association supports the government's proposal to liberalize agricultural law, so that other than farmers will have better opportunities to invest in agricultural holdings.
 
​A new analysis from the Danish Bankers Association shows that Danish SMEs size and placing on the map do not have any influence on the businesses opportunities to get a loan granted.
 
​The Danish Bankers Association generally supports the Productivity Commission’s recommendations. Especially the proposal on using tax policy to improve productivity is important.
 
​Active students and the support from mathematics teachers, principals, politicians, banks and organisations as well as a large and nationwide media attention gave Denmark's new Money Week a terrific debut.
 
​Healthy and sound companies already have the option of obtaining risk capital. But especially by improving the tax terms - and by adjusting the different support schemes - particularly small and medium-sized businesses' access to risk capital can be increased, and thereby the coveted growth in the Danish society will be strengthened. This is according to a report which a number of financial organisations have just published.
 
​On Monday 10 March, Denmark’s first Money Week was jump-started in more than 40 municipal primary and lower secondary schools across the country.
 
​… but one out of five Danes with a yearly income of more than 450,000 Danish Kroner still has outright poor financial literacy. For the lowest incomes of less than 150,000 Danish Kroner, it is only one out of two who has a good level of financial literacy. This is according to the Danish Bankers Association’s survey of the Danes’ knowledge when it comes to interest rates and loans.
 
​When it is time to go to class at 8.00 in the country’s municipal primary and lower secondary schools, it is also the beginning of Denmark’s first Money Week.
 
​A new analysis by the Danish Bankers Association indicates that the indebtedness increases seriously in the early ages, but it also shows that financial literacy and skills in personal finance peak late in life.
 
​The vast majority of Danes claim they have "good control of their personal finance", but their actual abilities within the subject lag behind. This shows a new comprehensive survey.
 
The interest and inquisitiveness was great when the Danish Bankers Association and the European Commission’s Representation in Denmark held a conference about the European banking union in the House of the Financial Sector on Thursday.
 
​The earnings in the country's banks last year were still low compared to equity.
 
​The new banking regulation CRD IV came into force at the turn of the year. By this, requirements for banks' capital adequacy are tightened. This is done partly for the sake of financial stability. It makes sense, but it also has consequences for banks, for owners and customers.
 
​For the third year in a row, the number of physical bank robberies in Den-mark has decreased. The total robbery statistics for 2013 also show an almost halving of the amount involved in successful online banking burglaries.
 
​The Danish banks' income from fees has since the mid-90s increased by approximately ½ bn Danish Kroner per year, but has over the years since the financial crisis remained at the same level.
 
​The EU commission’s draft for a new regulation on structural reforms is designed to increase the robustness of the European financial system. The Danish Bankers Association believes that the proposal is a serious and unnecessary action against the banks, which will also be detrimental to customers.
 
​Report: The growth team for IKT and Digital Growth recommends active involvement of the business community in the future strategy for the digitalisation of the public sector. It will strengthen the Danish companies’, including the banks’, competitiveness, the Danish Bankers Association praises.
 
​January 14 2014, EU reached agreement on a new framework for the securities markets, the so-called MiFID-Directive (Markets in Financial Instruments Directive).
 
​Money was transferred between bank accounts with a historically high amount in December month. This is good news for the Danish economy, estimates Bankers Association Chief Economist Niels Storm Stenbæk.
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