The Resolution Fund generated a surplus of DKK 1,381 million in 2024 (2023: DKK 1,460 million). The surplus was mainly attributable to payment of contributions to the Resolution Fund of DKK 1,101 million. Interest on the securities portfolio and on deposits with Danmarks Nationalbank amounted to DKK 209 million, and market value gains on the securities portfolio amounted to DKK 75 million.

In 2024, the Resolution Fund’s administrative expenses amounted to DKK 24 million, roughly offset by income allotted through the Finance and Appropriation Act. The administrative tasks relate to, among other things, work involved in preparing resolution plans, participation in resolution colleges for cross-border SIFIs and building up of the Resolution Fund.

Finally, considerable resources have been spent testing the contingency set-up in a hypothetical crisis situation in the Nordic and Baltic region. The exercise was arranged and led by Finansiel Stabilitet with broad participation from all Nordic and Baltic countries and the European Commission, the European Central Bank (ECB), the Single Resolution Board (SRB), the European Banking Authority (EBA) and the International Monetary Fund (IMF). More than 30 organisations participated and close to 500 participants had signed up for the exercise, which was completed over the course of three days in September 2024.

The purpose of the exercise was to test communication, information sharing and collaboration between authorities during crisis management of three fictitious financial enterprises. During the exercise, focus was on testing the participants’ ability to make coordinated decisions in an environment characterised by significant uncertainty and considerable time pressure. 

Including total contributions of DKK 1,101 million, the Resolution Fund amounts to DKK 8.8 billion in aggregate. In 2024, banks contributed DKK 757 million to the Resolution Fund, mortgage credit institutions contributed DKK 344 million and investment companies contributed DKK 83 thousand. Most contributions were paid by the 32 institutions paying contributions based on their key figures, typically Denmark’s largest banks and mortgage credit institutions. They paid close to DKK 1,100 million. The remaining approximately DKK 1 million was paid by the remaining 41 institutions based on administratively determined contributions.