DENMARK: SKANDIABANKEN FASTEST GROWING INTERNET BANK
Article Abstract:
Skandiabanken is Denmark's fastest growing Internet bank with 10,000 new customers in only 10 weeks. However, the interest rate of 4.35 per cent on Skandiabanken's all-in-one account is so close to market interest that the bank is not yet making any money. Chief executive Henrik Vad says that he is surprised that so many new customers have joined the bank so soon and that the bank will not be ready to take over loans and securities until autumn. Earnings will come from these additional products. The full organisation should be in place by August. The number of employees will then have doubled. Basisbank is ready to launch an advertisement campaign as a result of a drop in the number of new customers. Denmark's third largest Internet bank, SEB, is keeping a low profile while awaiting the approval of its merger plans with Foreningssparbanken.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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NORDIC: NORDEA CALLS FOR JOINT NORDIC LAWS
Article Abstract:
Thorleif Krarup, CEO of Nordea, the merger between Swedish Nordbanken, Finnish Merita Bank, Danish Unibank and Norwegian Kreditkassen, is calling for a harmonisation of the financial regulations in the Nordic countries. He says the national differences in financial laws hamper the integration of the biggest finance group i the Nordic countries.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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Denmark: Internet bank plans to launch an offensive
Article Abstract:
Basisbank, a Danish Internet bank, has managed to sort out its financial problems and reach a break-even. The bank is now contemplating whether to abandon its cautious strategy and launch an offensive with the introduction of new products in order to make itself better known in the market.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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