Financial conditions in Denmark tighten in Q1
Implementation of new mortgage lending regulation is main cause of credit reduction
Almost half of Danish financial institutions reported stricter credit standards in the first quarter of 2017, states a survey conducted by the National Bank of Denmark.
The main reason for the reduction in credit has been the implementation of a new regulation on mortgage lending, report the banks. The regulation restricts access to flexible-rate housing loans with short-term interest-rate fixing for highly indebted households or high loan-to-value ratios.
The survey places the net tightening
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