Faaborg, Denmark, 2011-02-08 12:23 CET (GLOBE NEWSWIRE) -- After completion of the financial statements we have been informed that the Danish Financial Stability Company (owned by the State) has taken over Amagerbanken after the bank has been declared insolvent.
Sparekassen Faaborg has no credit exposures through credit facilities or shares in Amagerbanken. Sparekassen Faaborg owns bonds in Kalvebod PLC together with Amagerbanken as one of the participating banks. A loss of up to approx. DKK 3,9m on these bonds can be expected.
Sparekassen Faaborg is liable for any loss – like other Danish banks – which the Guarantee Fund may suffer in connection with Amagerbanken’s compulsory winding-up. Sparekassen Faaborg’s most recently calculated share of the financial sector’s guarantee to the Guarantee Fund for Depositors and Investors amounts to 0.45 percent.
CEO Claus Sejling, phone no. +45 6361 1814
