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First Danish commercial bank

The first commercial bank in Denmark was Centralkassen in Copenhagen from 1829. It was of only little significance. More important was the establishment of Fyens Disconto-Kasse in Odense in 1846 and Privatbanken i Kjøbenhavn in 1857. These early banks were first and foremost involved in discounting bills of exchange, i.e. the owners of the bills of exchange (claims) sold them to a bank or banker at a discount.

Last update: 05/09/2011

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