Sydbank to adapt the organisation, its service concept and

| Source: Sydbank A/S Sydbank A/S

Aabenraa, Denmark, 2011-10-11 08:59 CEST (GLOBE NEWSWIRE) --

Sydbank’s management has decided to introduce a series of measures to ensure that the business continues to be sound and strong. The new measures comprise:

  

TerminaOtion of employment of 89 employees.

 

  • Termination of employment of 89 employees.
  • Ongoing adaptation of the service concept by means of changed business hours as regards cashier services in the majority of the Bank’s branches.
  • The service of retail clients residing outside Denmark will be based in the Bank’s German region.
  • Sydbank (Schweiz) AG will transfer some of its clients to Nordea International Private Banking in Switzerland.
  • Sydbank will take over the private banking activities of Gries & Heissel Bankiers AG. According to the agreement Sydbank will be represented also in Berlin and Wiesbaden as of 1 January 2012.
  • An increase in the interest rates of floating-rate loans by up to 0.50 percentage points as of 14 October 2011.

 

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