Abstract
The Danish banking system is basically divided into two sectors: the commercial banks and the savings banks. The Commercial Banks and Savings Banks Act 19741 allows commercial banks and savings banks to carry on the same types of business — by which is meant “the performance of functions relating to transactions of money, instruments of credit and securities and the associated services” (ss. 1(2) and 1(3)). The major distinction between the sectors is that, under the Act, commercial banks are joint stock companies, while savings banks are independent (mutual) institutions.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
Note
Unless otherwise specified, all references to sections relate to sections of this Act, which will be referred to henceforth as ‘the Act’.
A bank which has granted loans to residents in foreign exchange to finance Danish foreign trade may, however, owe a net foreign debt of up to 5% of its equity capital or 3 million kroner, whichever is the larger amount.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1981 Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Welch, J. (1981). Denmark. In: Welch, J. (eds) The Regulation of Banks in the Member States of the EEC. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-7639-0_2
Download citation
DOI: https://doi.org/10.1007/978-94-015-7639-0_2
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-015-7641-3
Online ISBN: 978-94-015-7639-0
eBook Packages: Springer Book Archive