Statistical news focuses on the latest figures and trends in Danmarks Nationalbank’s statistics. Statistical news is targeted at people who want quick insight into current financial data.
Unchanged loan demand from private customers despite lower interest rates
Banks and mortgage institutions in Danmarks Nationalbank’s lending survey overall report unchanged loan demand from their existing private customers in the third quarter of 2024. This even though interest rates have fallen during the quarter as a result of the central banks' interest rate cuts. However, roughly one out of four of the institutions surveyed expect loan demand to increase slightly in the 4th quarter. The expectation is justified, among other things with the lower interest rates, which can lead to greater conversion activity and more housing transactions. The remaining institutes expect unchanged loan demand in the 4th quarter. Some of these institutes estimate that interest rates have not fallen sufficiently to have a significant impact on the demand for loans from private customers.