Commission approves Swedish rescue aid for Carnegie Bank
16 December 2008
The Commission approved the Swedish emergency liquidity assistance to Carnegie Investment Bank AB worth €225 million granted by the Swedish authorities.
The Commission approved the Swedish emergency liquidity assistance to Carnegie Investment Bank AB worth €225 million granted by the Swedish authorities.
In October 2008 the Swedish central bank granted SEK 2.4 billion special liquidity assistance to Carnegie Bank which was facing urgent liquidity problems. On 10 November 2008, as Carnegie Bank’s position had further deteriorated, the central bank’s assistance was replaced by an emergency loan of equivalent size from the National Debt Office. The National Debt Office subsequently took over all of Carnegie Bank's shares, which had been pledged as collateral.
Press release
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