Corporate defaults push Danske Bank’s NPLs up 16%

- By Louie Woodall and Abdool Fawzee Bhollah
- 05 Feb 2020

Danske Bank’s stock of bad loans swelled +16% in 2019, as big borrowers in the oil industry reneged on their debts.

Gross non-performing loan (NPL) exposures increased by DKK 4.8 billion ($706 million) to DKK 34.7 billion over the year. Of these, loans in default jumped +10% to DKK 17.6 billion and those not in default by +23% to DKK 17.1 billion.

NPLs climbed the most at the corporate and

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