Bank packages

To secure the national economy against large negative effects due to the financial crisis, which began in 2008, the Danish parliament adopted measures to protect banks with a range of so-called “bank packages”. Some were provided as guarantees, others as loans or special designs. In the period until 2013, six bank packages were adopted in all.

There is a widespread misunderstanding that bank packages were a gift – they were not. Banks have paid for liquidating all defaulting banks themselves. Banks that have borrowed money from the state have paid the amount back with interest.

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Finance Denmark is a business association for banks, mortgage institutions, asset management, securities trading and investment funds in Denmark. Our members are mortgage institutions, banks, savings banks, cooperative savings banks, Danish branches of foreign banks, asset managers, Danish securities dealers and investment funds.