Copenhagen, 2014-05-01 16:10 CEST (GLOBE NEWSWIRE) -- Alm. Brand Bank today received permission from the Danish FSA to repay a subordinated loan of DKK 200,000,000. The loan is part of the ScandiNotes V bond series. The loan will be repaid on 3 June 2014.
Due to the new capital adequacy rules (CRD IV), as from 1 January 2014 this loan ceased to be eligible for inclusion in the bank's total capital. The repayment consequently has no impact on the bank's excess cover.
Please direct any questions regarding this announcement to Kim Bai Wadstrøm, Managing Director, on tel. +45 35 47 70 14.
Alm. Brand A/S