Bank loans to NFCs at its lowest for 6 years
Danish non-financial corporations (NFCs) reduced their loans from Danish banks by kr. 12.5 billion in May. This corresponds to a year-on-year credit growth of -1.6 per cent. As a result, total NFC lending is now down to kr. 432 billion. The year-on-year credit growth for NFCs has not been negative since the end of 2017. Although mortgage credit lending to NFCs has been increasing, it has not been enough to offset the decline in bank lending to NFCs.