Finance Minister Simon Hamilton MLA today sought reassurance from the Head of Danske Bank that they remain committed to Northern Ireland in playing a full banking role to assist our economic recovery.
The Minister met with Thomas Borgen Chief Executive of Danske Bank during a one day visit to Copenhagen. He also met with Lars Morch, Director and Head of Business Banking and Steen Bocian, Chief and Brand Economist.
Speaking after the meeting the Simon Hamilton said: “Thomas Borgen and I discussed how our local economy is beginning to recover and that now more than ever businesses need the support of the banks to finance investment and to enable them to take their opportunities for growth.
“Danske Bank in Northern Ireland is vital to that. It has substantial and growing market share and, having recently returned to profitability, is in a strong position. Having come through the difficult times I made it clear that we very much wanted Danske to play the fullest possible part in our recovery.”
The Minister was meeting with the Danske Bank representatives as part of his ongoing work to help ensure we have a competitive local banking sector that meets the needs of businesses and consumers here.
The Minister continued: Banking and access to finance is one of our biggest challenges at the moment. I strongly believe that this issue is acting as a constraint on our economic recovery and therefore it is a matter I want to continue to rigorously pursue.
“It was therefore important to me that I had the opportunity whilst in Copenhagen to have these discussions with Thomas Borgen and the senior banking officials. It was reassuring to hear that Danske Bank remained committed to Northern Ireland and that they are keen to work in partnership with us to deliver the best outcome for businesses and consumers.”