The National Bank of Denmark published data showing that Danish private customers’ total deposits increased by DKK 63 billion in 2024, reaching a new record of DKK 1,191 billion in December. On average, this equated to around DKK 245,000 per adult, although the Bank noted that deposits are unevenly distributed, with the typical customer holding significantly less than the average. Growth was split almost evenly between demand deposits (up DKK 32 billion) and fixed-term deposits (up DKK 31 billion). Pooling schemes accounted for DKK 18 billion of the increase in fixed-term deposits, covering arrangements such as pension and children’s savings where banks invest on customers’ behalf, with returns typically credited to deposit accounts in December.
National Bank of Denmark 2025-01-28
National Bank of Denmark reports private customers’ deposits rose DKK 63 billion to a record DKK 1,191 billion in 2024
The National Bank of Denmark reported a DKK 63 billion increase in Danish private customers' total deposits in 2024, reaching DKK 1,191 billion by December. Growth was nearly evenly split between demand deposits and fixed-term deposits, with pooling schemes contributing DKK 18 billion to the latter. Despite the average deposit per adult being around DKK 245,000, the distribution remains uneven.