The working group recommends cheaper loans for green bank

Monday keeps the Financial affairs of Denmark annual meeting. Here is presented 20 recommendations to make the Danish banks, greener. If a bank customer in th

The working group recommends cheaper loans for green bank

Monday keeps the Financial affairs of Denmark annual meeting. Here is presented 20 recommendations to make the Danish banks, greener.

If a bank customer in the future want to take out a loan in his bank, so the loan should be depending on customers for feeding a family.

It is one of 20 recommendations by a working group under the Danish association of Finance, Denmark will present in connection with the association's annual meeting.

It writes the Danish newspaper Jyllands-Posten erhvervsmedie, Finance.

Common to the recommendations is that they have a goal to make the Danish banks, to some of the world's greenest.

the Banks must to a large extent offer attractive loan and investment products to sustainable activities, says one of the recommendations.

this allows the clients of banks look into a reality where, after all, that the judge release the cheaper, if you borrow money to, for example, green cars and homes.

- If you are buying a sustainable car, you can probably get a loan at better terms, because the bank is better covered.

- If you borrow money to renovate the energy of the house, is the presumption that the value of the house keeps better, which can be seen in the term of the loan, " says Anders Eldrup, chairman of the working group Forum for Sustainable Finance, according to Finance.

the Idea is for banks to move customers ' investments and loans to more sustainable activities.

by the end of 2021, the individual banks provide specific targets for how they will reduce their CO2 impact.

Finance Denmark chairman, Nykredit ceo Michael Rasmussen, says that it must be up to individual institutions to find out if they green clients to be able to borrow cheaper than other.

- We have, as banks and mortgage companies a very central role, and this means that we have the opportunity to put some more speed on the necessary green transition and make sure that money flows in the right direction, says Michael Rasmussen to Finance.

Lars Krull, a senior adviser and bankekspert at Aalborg University, warns against the measure.

- You must be careful, not in his desires to support something green is going to support it, which is not economically sustainable, " says Lars Krull to the media.

At the Palace commends industry minister Simoen Kollerup (S) the proposal from the working group.

This proposal is one step on the way, and we must take many more in the community, he says, according to Finance.

Finance Denmark's annual meeting takes place on Monday.

/ritzau/

Updated Date: 02 December 2019, 03:00

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