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.