The National Bank of Denmark published banking and mortgage credit statistics indicating that Danish private customers’ net interest expenses before tax increased in 2025 because interest earned on deposits fell more than interest paid on bank and mortgage borrowing. Net interest expenses totalled DKK 65.4 billion, up DKK 1.8 billion from 2024. Average interest rates on private customers’ bank deposits fell by 0.69 percentage points in 2025, compared with a 0.31 percentage point decline in the interest rate on bank and mortgage loans, including mortgage administration fees. The decline in deposit rates partly reflected reduced fixed-term deposits, which typically carry higher interest than ordinary deposit accounts, and the net interest burden also rose as debt increased slightly more than deposits.
National Bank of Denmark 2026-02-26
National Bank of Denmark data show Danish private customers’ net interest expenses rose to DKK 65.4 billion as deposit rates fell faster than loan rates
The National Bank of Denmark reported that Danish private customers' net interest expenses before tax rose to DKK 65.4 billion in 2025, an increase of DKK 1.8 billion from 2024. This rise was due to a larger drop in interest earned on deposits compared to the decline in interest paid on loans. The average interest rate on deposits fell by 0.69 percentage points, while loan rates decreased by 0.31 percentage points, with the net interest burden increasing as debt grew slightly more than deposits.