The National Bank of Denmark published its lending survey results for the first quarter of 2025, showing that the vast majority of the 15 participating banks reported unchanged loan demand from their business customers. Several banks linked the steady demand to subdued investment appetite amid geopolitical uncertainty. Geopolitical uncertainty was also reported to be affecting banks’ write-downs. Several of the larger banks, which have proportionally greater exposure to global trade, indicated they had already made write-downs based on management estimates, and noted that survey responses were submitted before the USA presented its new tariff plan.
National Bank of Denmark 2025-04-08
National Bank of Denmark lending survey finds stable corporate loan demand in Q1 2025 amid geopolitical uncertainty
The National Bank of Denmark's lending survey for Q1 2025 reveals stable loan demand among business customers across 15 banks, attributed to subdued investment appetite amid geopolitical uncertainty. Larger banks with significant global trade exposure have made write-downs based on management estimates, noting that responses preceded the USA's new tariff plan announcement.