Our asset base continues to expand, asset quality has greatly improved with NPL ratio now at pre-1997 crisis level, and capital adequacy has remained above national and international standards. And we did not see a freezing of credit markets similar to what was happening in the US and Europe then. Given all these indicators, one could say “so far, so good”.
The change of the Danish agricultural complex from vegetable to animal production in the beginning of the 19th century in the face of cheap grain from the US is an early example of Denmark adopting to globalization and changing trade conditions. The size of Danish import and exports has in accordance with the global trend been increasing steeply the past decades.