Minister: Danish banks have difficulties obtaining financing


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Friday, 12 August 2011
Several small Danish banks have difficulty obtaining financing in the market, said Danish Minister for Economy, Trade and Industry, Brian Mikkelsen on Friday.

According to Mikkelsen, the government is now looking for ways to convince foreign investors that the Danish banks are safe.
Mikkelsen, estimates that some of the Danish financial institutions may also be facing "serious challenges" in 2013. At that time, the state support will expire before they issued guarantees. He believes that a political agreement on new forms of support for banks in Denmark be generated quickly.
Mikkelsen did not reveal how many of the Danish banks are now under serious pressure.


Already 11 banks in Denmark are facing a state takeover, or as part of a larger operator, after the previous financial crisis which began in 2008.

The minister says that negotiations on the new banking package will be unveiled soon and it comes after Denmark has been heavily criticized because of its inability to protect people not to loose their money by bank failures.

“Negotiations are underway and I expect that very soon we may meet again,” says Economy and Business Affairs at a news conference after talks with the four settlements parties, to seek how to boost Danish banking sector.
By Team

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