Commission approves Danish bank recapitalisation scheme
22 May 2009
The rescue aid the Danish authorities have granted to Fionia Bank is in the form of a credit facility of up to €685 million and a €134 million capital injection to bring the level of solvency up to a constant 11.5%.
The Commission approved the rescue aid that the Danish authorities have granted to Fionia Bank. The aid is in the form of a credit facility of up to €685 million and a €134 million capital injection to bring the level of solvency up to a constant 11.5%.
The aid is approved as a temporary rescue measure and Denmark has made the commitment to provide a restructuring or a liquidation plan or a proof that the measures have been reimbursed in full or terminated for Fionia Bank by 15 October 2009.
Press release
© European Commission
