Spreads to the corresponding Danish interest rates widened, leading to capital inflows and a tendency for the krone to strengthen. To keep the krone stable against the euro, Danmarks Nationalbank purchased foreign exchange in the market in the 1st half of 2010 and on several occasions lowered its interest rates unilaterally.
Instead of putting up a branch or a branch-lite unit, these banks shall only be allowed to establish an office dedicated to receiving and addressing customer concerns. The BSP shall emphasize “quality vs quantity” when issuing digital bank licenses.