In continuation of the presentation of the financial statements of Forstædernes Bank, the Board of Directors have decided on the following management changes. Kjeld Mosebo Christensen, CEO (62), will retire by end-June this year. The retirement coincides with the time when the integration of Forstædernes Bank into the Nykredit Group is nearly completed. Gunnar Kobberup, Managing Director, retires by the end of this month. He has been responsible for the Credits area and the Bank's 20 advisory centres. The Credits area will in future be managed as part of the Nykredit Group. The Executive Board of Forstædernes Bank subsequently consists of Niels Fessel and Bjørn Damgaard Mortensen, both Managing Directors. Finally, Vagn Holm, Senior Vice President of Nykredit Bank, is appointed Executive Vice President of Forstædernes Bank in which he will be responsible for the Bank's 20 advisory centres.