Totalkredit and Nykredit reach agreement with competition authorities regarding partnership rules.

From GlobeNewswire: 2024-09-25 06:47:00

Totalkredit and Nykredit have reached an agreement with the Danish Competition and Consumer Authority regarding the Totalkredit partnership, which was approved in 2003. The agreement includes amendments that allow partner banks to keep 100% of future commission payments for loans distributed by them if they leave the partnership and enter into new partnerships. This aims to ensure the continued offering of attractive mortgage loans all over Denmark while maintaining the uniform pricing for mortgage loans for all homeowners. The agreement provides clarity about the framework of the Totalkredit partnership, allowing for modernisation within the new framework.



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