Danske Bank Steps Up Defense Funding as Dual-Use Loan Book Grows

Danske Bank A/S is stepping up its financing of the defense sector, adding newer so-called dual-use technologies to its loan book as any lingering ethical concerns about such exposures evaporate.

“I don’t see our position being perceived as controversial or challenged,” Johanna Norberg, head of business customers at the Copenhagen-based bank, said in an interview. “If anything, the opposite.”