Danes as Most-Indebted People in World Resist Credit: Mortgages
This article is for subscribers only.
Danes, the most indebted people in the world, are losing their appetite for credit.
After amassing personal debt equal to almost three times income, mortgage borrowing grew at the slowest pace last quarter since 2000, the Association of Danish Mortgage Banks said this month. Bank lending at Nordea Bank Denmark A/S, the country’s second-largest lender, fell to its lowest in more than a year.