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Danish banks not eager to loan money to businesses

Lucie Rychla
January 27th, 2016


This article is more than 8 years old.

The Confederation of Danish Industry is concerned

The National Bank of Denmark (photo: GCBB)

For the first time since the financial crisis, Danish banks and mortgage companies are slowing down on making loans to local businesses, reveals an analysis of the National Bank.

Across the board, credit managers are tightening loan policies in ways that match the rules implemented in the early months of the 2009 financial crisis.

READ MORE: Danish banks on their way out of financial crisis

“This situation is very concerning, and we will follow it ver closely,” Kent Damsgaard, assistant head of the business interest organisation Dansk Industri (DI) told Finans.

The Danish National Bank said that there is no need for concern, and that banks are still providing plenty of credit.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”