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.

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The Norwegian American

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