Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Danske May Repay LTRO to ECB Before to Denmark, Kolding Says

Danske Bank A/S may keep its Danish longer-term refinancing operations for the full three years and repay some of its similar loans under the European Central Bank program first, Chief Executive Officer Eivind Kolding said.

The ECB LTRO loan “is for us very much a commercial decision,” Kolding said in an interview in Copenhagen today. “We have now to some extent better alternative financing opportunities, so we might repay some of it.”

Danske, Denmark’s largest lender, said today in its 2012 earnings report that it had drawn a total of about 40 billion kroner ($7.3 billion) on ECB’s LTRO facilities by the end of last year. Danske has borrowed 35 billion kroner at the Danish central bank’s LTRO auctions in March and September, the Copenhagen-based lender said.

The terms of the Danish LTRO loans “are a little bit different,” Kolding said. “You can base it on some assets that you can’t fund otherwise. So the Danish we’ll probably keep for a longer time. It’s a three-year program, and we could keep it that long if it makes commercial sense.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.