RPT-Danish banks seek $11.9 bln in state aid -ministry
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COPENHAGEN, July 1 (Reuters) - Fifty Danish banks applied
for 63 billion crowns ($11.90 billion) in state support by the
June 30 deadline for a scheme known as "Bank Package II",
Denmark's Ministry of Economic and Business Affairs said.
So far 35 billion crowns has been paid out under the scheme
which involves hybrid core capital loans to banks and other
lending institutions, the ministry said in a statement on
Wednesday.
The banks could have applied for a maximum of 87 billion
crowns in support but not all banks chose to exercise their
entitlement, the ministry said.
(Reporting by John Acher)
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($1=5.292 Danish Crown)
Keywords: DENMARK BANKS/SUPPORT
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