Danske Bank låner hos ECB

NIB said that as a branch of the Danish Danske Bank, it was funded through wholesale market and ECB interest rate fluctuations do not determine pricing on its products. Bank of Ireland, which also failed to pass on last month’s rate cut to its standard variable rate customers, said it was now prepared to pass on just 0.15 per cent of the cut. It defended its failure to pass on the full reduction by saying its funding costs remained “elevated”.

“The expectation is that lower interest rates are being passed on to lower credit costs,” said ECB president Mario Draghi. He declined to say whether banks in receipt of state funding should be obliged to pass on rate cuts to their customers.

Plyds skrev:Tjaaa..... der var nok ikke længere andre steder at hente penge - i det mindste ikke til en pris de kan betale.

Vi ved jo, at de fra tid til anden har lavvande i kassen.....