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Development of the credit market

After confidence in the banking system had been restored in the 1830s, in parallel with the development in other countries a credit market developed and savings banks, banks and mortgage-credit associations were established. The first mortgage-credit associations was formed as early as after the Great Fire in Copenhagen in 1795.

From the 1830s the savings banks began to carry out lending activities, especially to agriculture, and in this way gained great significance in financing the major agricultural investments between 1840 and 1870.

Last update: 05/09/2011

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