Engelsk

​​Danmarks Nationalbank and the individual participants in the TIBER-DK programme have decided to continue testing with ethical hackers in future. The decision is based on the good experiences with the tests, the purpose of which has been to strengthen cyber resilience and thus promote financial stability.

Since January 2020, active investment funds, investing in global equities, yielded an average return of 16 per cent, while passive funds yielded around 15 per cent.

​In April 2021, the foreign-exchange reserve decreased by kr. 7.9 billion to kr. 438.7 billion.

The report presents the conclusions of Danmarks Nationalbank's oversight of the Danish payments infrastructure in 2020. The core payment and settlement systems and most important payment solutions extensively comply with international safety and efficiency standards. Efforts are continuously made to enhance the cyber resilience of systems/solutions. Due to the evolving nature of the cyber threat landscape, there is room for improvement – despite ongoing progress.

Foreign investors are fond of Danish shares, and Danish listed companies paid dividends in March like never before. This meant record-breaking dividends for the foreign shareholders who owned Danish shares amounting to kr. 2,081 billion in March.

In the first quarter of 2021, the net issuance of listed Danish shares amounted to kr. 42 billion, driven mainly by Tryg's issuance of new shares. Price changes on existing shares amounted to kr. 39 billion in the same period. Thus, the total value of the Danish stock market rose to kr. 3,815 billion at the end of March 2021.

Since the start of the lockdown in March 2020, Danish companies have significantly increased their deposits in banks, but in March 2021, deposits fell by kr. 44 billion. This corresponds to a reduction of almost 10 per cent of the companies' total deposits, from kr. 445 billion in February 2021 to kr. 401 billion in March 2021.

Over an extended period, interest rates on corporate bank debt have been declining. In March 2021, the average interest rate was 2.37 per cent, while it was above 4 per cent just seven years ago. However, the average interest rate on corporate debt in-creased marginally in March 2021.