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Danish watchdog investigates Danske Bank over erroneous debt

Christian Fernsby |
Denmark’s financial watchdog has launched an investigation into how Danske Bank could wrongly collect debt from up to 106,000 customers since 2004.

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Danske said on Monday that due to errors in its system, it had collected outdated or excessive debt, and that it was currently reviewing all potential cases to ensure customers are fully compensated.

The FSA said in a statement it had trusted the debt collection errors had been rectified, after Danske updated the watchdog about the case in October last year.

The watchdog said it decided to launch an investigation following the news that surfaced on Monday.

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