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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 an interest organisation for banks and mortgage institutions in Denmark. Our members are mortgage institutions, banks, savings banks, cooperative savings banks and Danish branches of foreign banks.

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