Norwegian savings bank seeks $400 mill in state aid

OSLO, Aug 20 (Reuters) – Norwegian savings bank SpareBank 1 SR-Bank (ROGG.OL) said on Thursday it asked the government for an injection of 2.4 billion crowns ($396.7 million) to boost its core and preferred capital.

SpareBank 1 SR-Bank is one of the first lenders to have detailed an application for state help ahead of a Sept. 30 deadline. Many are watching whether Norway’s biggest bank, DnB NOR (DNBNOR.OL), takes part in the scheme and on what scale.

Click here to read the entire article on Reuters.com

Avatar

The Norwegian American

Published since May 17, 1889 PO Box 30863 Seattle WA 98113 Tel: (206) 784-4617 • Email: naw@na-weekly.com

You may also like...

%d bloggers like this: