Denmark Banking & Financial Services Q4 2019
Danish financial sector is among the largest in Europe measured as a ratio of GDP and represents the major source ofcredit for the country. In fact, the country is home to some of the Nordic region's leading financial groups. Economic recovery hasdriven credit expansion in the past decade although the prolonged low interest rate environment and the risk of a potential regionalslowdown are weighting on profitability and causing significant impairments. Recent money laundering scandals have rocked thebanking sector, testing the authority and credibility of regulators.
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