The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

Denmark urges banks to curb mortgage lending in high-priced areas

Contributed by NAMPA / Reuters.

COPENHAGEN, June 19 (Reuters) - Denmark on Monday urged
banks to limit mortgage lending to households with big debts in
areas with high house prices to help to protect financial
stability.
People across Scandinavia have been taking increasing risks
on housing as prices have soared over the last decade, fuelled
by low interest rates and tax incentives.
In March, Denmark's Systemic Risk Council called on the
government to prevent most borrowers in Copenhagen and ...

 

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