Decreasing demand and increasing impairments
In Danmarks Nationalbank's lending survey for the 3rd quarter of 2020, 13 out of 19 banks report that loan demand from existing corporate customers has decreased from the 2nd to the 3rd quarter. 4 of the 13 banks report that demand has decreased a lot. The remaining 9 banks report that demand has decreased a bit. The majority of the remaining banks answer that loan demand is unchanged. In the same period, 8 banks report that the proportion of impairments and losses has increased compared to the 2nd quarter. 6 of the 8 banks expect a further increase in impairments and losses in the 4th quarter.