Roskilde Bank
Encyclopedia
Roskilde Bank was a local Danish
bank. It was based in Roskilde
with branches over much of Region Hovedstaden
.
Roskilde Bank was founded in 1884 and in 1996 merged with Ringsted Sparekasse. On the 24 August 2008 was acquired by National Bank after running into financial trouble. Due to the decline of the Danish property market. The Bank is formally listed on the Copenhagen Stock Exchange, but trading has been suspended. The Bank had approximately 32,000 shareholders. The Bank was, according to Finance Council statement Denmark's 10th largest bank.
officially stated that, together with the Private Contingency for Settlement of needy banks, savings and cooperative boxes, had taken over the bank because it was insolvent and could not find a buyer. This was the first time since 1928 that the Danish National bank had taken over another bank.
The loss is assumed to be between £ 3-6 billion, but circulating allegations that the loss in the worst case could amount to 37 billion kroner. The 33000 shareholders also stand to lose their money.
, 7 branches of Spar Nord Bank and 5 branches of Arbejdernes Landsbank.
Denmark
Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
bank. It was based in Roskilde
Roskilde
Roskilde is the main city in Roskilde Municipality, Denmark on the island of Zealand. It is an ancient city, dating from the Viking Age and is a member of the Most Ancient European Towns Network....
with branches over much of Region Hovedstaden
Region Hovedstaden
The Capital Region of Denmark is an administrative region of Denmark established on January 1, 2007 as part of the 2007 Danish Municipal Reform, which replaced the traditional counties with five larger regions. At the same time, smaller municipalities were merged into larger units, cutting the...
.
Roskilde Bank was founded in 1884 and in 1996 merged with Ringsted Sparekasse. On the 24 August 2008 was acquired by National Bank after running into financial trouble. Due to the decline of the Danish property market. The Bank is formally listed on the Copenhagen Stock Exchange, but trading has been suspended. The Bank had approximately 32,000 shareholders. The Bank was, according to Finance Council statement Denmark's 10th largest bank.
Danish National Bank acquires Roskilde Bank
24 August 2008, the National BankDanmarks Nationalbank
Danmarks Nationalbank is the central bank of the Kingdom of Denmark. It is a non-eurozone member of the European System of Central Banks . The bank issues the Danish currency, the krone....
officially stated that, together with the Private Contingency for Settlement of needy banks, savings and cooperative boxes, had taken over the bank because it was insolvent and could not find a buyer. This was the first time since 1928 that the Danish National bank had taken over another bank.
The loss is assumed to be between £ 3-6 billion, but circulating allegations that the loss in the worst case could amount to 37 billion kroner. The 33000 shareholders also stand to lose their money.
Sale of subsidiaries
On the 29 September 2008 Roskilde Bank signed agreement for the sale of a total of 21 branches, including 9 branches to NordeaNordea
Nordea Bank AB is a Stockholm-based financial services group operating in Northern Europe. The bank is the result of the successive mergers and acquisitions of the Swedish, Finnish, Danish and Norwegian banks of Nordbanken, Merita Bank, Unibank and Kreditkassen that took place between 1997 and 2000...
, 7 branches of Spar Nord Bank and 5 branches of Arbejdernes Landsbank.