Danish negative rates make credit institution pay customer on loan - more expected

Jonathan Boyd
clock • 2 min read

Realkredit Danmark, the lender that is part of the Danske Bank group, has for the first time ever paid out on a loan taken out by a customer rather than the other (normal) way round, as a result of the country's ongoing negative interest rate environment. As reported in local financial publication Børsen, the payment to the customer came at the end of the loan term, and was paid out at the end of July following final calculations on who owed what to whom. Christian Hilligsøe Heinig, chief economist, noted to Børsen that there are additional loans in the pipeline that could potentially...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.