Denmark meets its first Bear Stearns

[Italkcash Newsfeed]

The Danish bank by the name Roskilde Bank has lost more than 88% of its marked value in the last 24 month. With more than 43% of the banks total loan made to the real estate market, the bank is in serious trouble. The market value has gone from 900mn € to 120mn €. The National Bank in Denmark has guaranteed extra liquidity to secure the bank from bankruptcy. But Roskilde Bank is not the only one. FIH Bank, Aarhus Lokalbank and Amagerbank could be the next to seek guarantee from the National Bank.

The banking sector in Denmark is under pressure caused by the global credit crises and the crises in the real estate sector.

Lost marked value in the last 12 month

Dansk Bank 51%
Jyske Bank 41%
Nordea 32%

As private investor and bank customer you should reconsider your choice of bank before you deposit your funds on the bank account.


The doc