Danske Banka offers alternatives to Euro investments
Mārtiņš Strazds, Head of Danske Markets Latvia describes: "We have seen that lately our customers are increasingly concerned with problems in the Eurozone and their impact upon the value of savings and investments in Euro, therefore customers are inquiring about an alternative currency for placing their free funds. Now, when quite a few countries are working for reducing their budget deficit, it has a negative impact upon the economic growth potential and the search for Euro alternatives becomes more complicated. Still, we think that the situation in Sweden and Norway is different, which means that investment of funds in currencies of these two countries is an option for diversification of currency risks and also benefiting from attractive interest rates."
The economic environment of Sweden and Norway is stable and the growth forecast is better than the general forecast for the Eurozone. If under the best case scenario the annual economic growth of the Eurozone would be 2.0%, the forecast for Sweden is 3.5% and for Norway 2.7%. Another positive factor is also the central budget, which is balanced in Sweden and even with a positive surplus in Norway, contrary to 4.8% budget deficit in the Eurozone. Also the state debt indices of Sweden and Norway (37.3% and 31.0% accordingly) serve as signals of better stability than in the Eurozone (88.4%).
"We can offer both deposits, which provide a guaranteed yield, as well as Danske Invest funds, which allow to look forward to higher profit rate, if the customer is aware of and accepts possible fluctuations in the investment value, to our customers. In addition, we offer investments in equity, bonds and other financial instruments to experienced investors," Strazds explains.
Indicative annual deposit interest rates as on 20.09.2011:
| 1 month | 3 months | 6 months | 12 months | |
| SEK deposits | 2,3% | 2,4% | 2,5% | 2,6% |
| NOK deposits | 2,4% | 2,6% | 2,7% | 2,9% |
About Danske Bank
Danske Bank is the Latvian branch of Danske Bank registered in Denmark. Danske Bank Group is the largest bank in Denmark and one of the leading financing institutions in Europe. Danske Bank is Group is broadly represented in 15 countries and has 5 million customers, who are taken care of by approximately 21 500 staff members of the bank.
The goal of Danske Bank is to become the best local partner in financial issues to its customers. The operations of the bank are characterised by high quality service and individual approach to wishes and needs of every customer.
The following investment category credit ratings have been granted to Danske Bank Group:
Long-term: A2 (Moody’s); A (S&P); A+ (Fitch);
Short-term: P-1(Moody’s); A-1 (S&P); F1 (Fitch).
About Danske Markets
Danske Markets is a structural unit of Danske Bank offering a broad range of investment products and services to its customers, including consultations and recommendations. The main directions of operations of Danske Markets include securities, currency and money markets, subordinated financial instruments and commodities financial instruments, covering both Europe and USA, as well as developing markets. Danske Markets employs more than 900 persons and its offices operate in Scandinavia, Baltic Countries, Russia, Poland, Great Britain and Ireland.
For further information:
Mārtiņš Strazds
Head of Danske Markets Latvia
Ph: +371 67 959 204
E-mail: markets@danskebanka.lv
www.danskebanka.lv
www.danskemarkets.com