Den Danske Bank indifferent to Ekstra Bladet report Skip to content

Den Danske Bank indifferent to Ekstra Bladet report

By Iceland Review

Denmark’s Den Danske Bank is unconcerned about the effects of tabloid Ekstra Bladet’s negative report about Icelandic investors in Denmark, according to Iceland’s Vidskiptabladid. The bank has sent out messages to its clients and associates in which it recommends that they not give credit to the report, which is badly prepared and has not had an adverse effect on foreign parties. Moreover, the bank maintains that investors who currently have their eye on Iceland have nothing to fear. This is reported by RÚV online.

Den Danske Bank had previously suggested that the report might affect the rate of the Icelandic krona, but according to Lars Christensen, one of the bank’s advisors, it has now transpired that the report is not to be taken seriously. Nonetheless, the bank adheres to its forecast that a financial crisis and economic recession are likely in Iceland next year.

A broker for the international bank ABN AMRO is reported as saying that the report by Ekstra Bladed is likely motivated by revenge, as Icelanders set off the so-called ‘battle of the free papers’ in Denmark, by launching a newspaper delivered free each morning.

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