- The third-largest Bank of Denmark- Jyske launched the World’s first negative interest rate for Home loan, the charge is -0.5% a year.
- The bank offers a 10-year deal at -0.5%, while another bank-Nordea offer a 20-year deal at 0%, and a 30-year deal at 0.5%.
- In a press interview, The Bank said that borrowers will make a monthly repayment as usual – but the amount still outstanding will be reduced each month by more than the borrower has paid.
About Jyske Bank
i) Founded - 1967
ii) HQ - Silkeborg, Denmark
iii) Chairman - Sven Buhrkall
iv) CEO - Anders Bam
v) Number of Employees - 3,850
Published On : 16 Aug 2019
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