Roskilde Bank
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Roskilde Bank
Roskilde Bank was a local Danish bank founded in 1884. It was based in Roskilde with branches over much of Region Hovedstaden. It merged in 1996 and was taken over by the Danish National Bank in 2008. History Roskilde Bank was founded in 1884 and in 1996 merged with Ringsted Sparekasse. On the 24 August 2008 it was acquired by the Danish National Bank after running into financial trouble due to the decline of the Danish property market. The Bank remains formally listed on the Copenhagen Stock Exchange, but trading has been suspended. The Bank had approximately 32,000 shareholders. The Bank was, according to the Finance Council's statement, Denmark's 10th largest bank. Danish National Bank acquires Roskilde Bank On 24 August 2008, the National Bank officially stated that, together with the Private Contingency Body for Settlement of needy banks, savings and cooperative societies, it had taken over the bank because it was insolvent and could not find a buyer. This was the firs ...
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Roskilde
Roskilde ( , ) is a city west of Copenhagen on the Danish island of Zealand. With a population of 51,916 (), the city is a business and educational centre for the region and the 10th largest city in Denmark. It is governed by the administrative council of Roskilde Municipality. Roskilde has a long history, dating from the pre-Christian Viking Age. Its UNESCO-listed Gothic cathedral, now housing 39 tombs of the Danish monarchs, was completed in 1275, becoming a focus of religious influence until the Reformation. With the development of the rail network in the 19th century, Roskilde became an important hub for traffic with Copenhagen, and by the end of the century, there were tobacco factories, iron foundries and machine shops. Among the largest private sector employers today are the IT firm BEC (Bankernes EDB Central) and seed company DLF. The Risø research facility is also becoming a major employer, extending interest in sustainable energy to the clean technology sphere. The ...
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Denmark
) , song = ( en, "King Christian stood by the lofty mast") , song_type = National and royal anthem , image_map = EU-Denmark.svg , map_caption = , subdivision_type = Sovereign state , subdivision_name = Danish Realm, Kingdom of Denmark , established_title = History of Denmark#Middle ages, Consolidation , established_date = 8th century , established_title2 = Christianization , established_date2 = 965 , established_title3 = , established_date3 = 5 June 1849 , established_title4 = Faroese home rule , established_date4 = 24 March 1948 , established_title5 = European Economic Community, EEC 1973 enlargement of the European Communities, accession , established_date5 = 1 January 1973 , established_title6 = Greenlandic home rule , established_date6 = 1 May 1979 , official_languages = Danish language, Danish , languages_type = Regional languages , languages_sub = yes , languages = German language, GermanGerman is recognised as a protected minority language in t ...
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Roskilde Bank
Roskilde Bank was a local Danish bank founded in 1884. It was based in Roskilde with branches over much of Region Hovedstaden. It merged in 1996 and was taken over by the Danish National Bank in 2008. History Roskilde Bank was founded in 1884 and in 1996 merged with Ringsted Sparekasse. On the 24 August 2008 it was acquired by the Danish National Bank after running into financial trouble due to the decline of the Danish property market. The Bank remains formally listed on the Copenhagen Stock Exchange, but trading has been suspended. The Bank had approximately 32,000 shareholders. The Bank was, according to the Finance Council's statement, Denmark's 10th largest bank. Danish National Bank acquires Roskilde Bank On 24 August 2008, the National Bank officially stated that, together with the Private Contingency Body for Settlement of needy banks, savings and cooperative societies, it had taken over the bank because it was insolvent and could not find a buyer. This was the firs ...
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Region Hovedstaden
The Capital Region of Denmark ( da, Region Hovedstaden, ) is the easternmost administrative region of Denmark. The Capital Region has 29 municipalities and a regional council consisting of 41 elected members. As of 1 August 2021 the chairperson is Lars Gaardhøj, who is a member of the Social Democrats party of Denmark. The Capital Region was established on 1 January 2007 as part of the 2007 Danish Municipal Reform. This reform abolished the traditional counties (Danish plural: , singular: ) and created five regions. As part of this reform 271 smaller municipalities were merged into larger units reducing the number of municipalities to 98. The reform dramatically diminished the power of regional governments while enhancing that of local government and that of the central government in Copenhagen. It was implemented on 1 January 2007. Unlike the former counties (1970–2006) (Danish ', literally 'county municipality') the regions are not municipalities and are thus not allowe ...
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Copenhagen Stock Exchange
The Nasdaq Copenhagen, formerly known as the Copenhagen Stock Exchange ( da, Københavns Fondsbørs), is an international marketplace for Danish securities, including shares, bonds, treasury bills and notes, and financial futures and options. Nasdaq Copenhagen is one of the Nasdaq Nordic Exchanges. Nasdaq Nordic goes back to the 2003 merger of ''OM AB'' and ''HEX plc'' to form ''OMX'' and is, since February 2008, part of Nasdaq, Inc. (formerly known as ''NASDAQ OMX Group''). Background and structure The exchange was converted to a limited company in 1996 with share capital issued in a ratio of 60-20-20 to members, issuers of shares, and issuers of bonds. In 1997 the FUTOP Clearing Center A/S, the Danish derivatives market, became a wholly owned subsidiary. FUTOP issues, clears, and guarantees futures and options on shares, indices, and interest rate products. FUTOP products can be traded electronically. In 1998, the CSE and the Stockholmsbörsen formed the NOREX Alliance, ...
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Danmarks Nationalbank
Danmarks Nationalbank (in Danish often simply ''Nationalbanken'') is the central bank of the Kingdom of Denmark. It is a non-eurozone member of the European System of Central Banks ( ESCB). Since its establishment in 1818, the objective of the Nationalbank as an independent and credible institution is to issue the Danish currency, the krone, and ensure its stability. The Board of Governors holds full responsibility for the monetary policy. The building which houses the bank's headquarters was designed by the renowned architect Arne Jacobsen, in collaboration with Hans Dissing and Otto Weitling. After Jacobsen's death, his office, renamed Dissing+Weitling, has brought the construction to completion. Danmarks Nationalbank undertakes all functions related to the management of the Danish central-government debt. The division of responsibility is set out in an agreement between the Ministry of Finance of Denmark and Danmarks Nationalbank. Danish and Faroese banknotes were previou ...
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Nordea
Nordea Bank Abp, commonly referred to as Nordea, is a European financial services group operating in northern Europe and based in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The bank is the result of the successive mergers and acquisitions of the Finnish, Swedish, Danish, and Norwegian banks of Merita Bank, Nordbanken, Unidanmark, and Christiania Bank og Kreditkasse that took place between 1997 and 2001. The Nordic countries are considered Nordea's home market, having finalised the sales of their Baltic operations in 2019. Nordea is listed on Nasdaq Nordic exchanges in Helsinki, Copenhagen, and Stockholm and Nordea ADR is listed in the US. Nordea serves 9.3 million private and 530,000 active corporate customers, including 2,650 large corporates and institutions. Nordea's credit portfolio is distributed across Finland (21%), Denmark (26%), Norway (21%), and Sweden (30%). There are four Business Areas (BAs) at Nordea, Personal Banking, Business Banking ...
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Spar Nord Bank
Spar Nord Bank A/S () is a bank based in North Jutland, Denmark. The history of the bank can be traced back to May 12, 1824, where "Bye og Omegns Sparekasse" (The Savings Bank for Town and County) was established in Aalborg. After a number of merges through the 20th century, the name was changed from "Sparekassen Nordjylland" (The Savings Bank of Northern Jutland) to its current short form. In the 2010s Spar Nord has opened several offices in larger towns outside Northern Jutland in Denmark. As of 2019, it is Denmark’s sixth largest bank.Nikolaj Skydsgaard (October 3, 2019)Danish bank Spar Nord announces minus 0.75% interest on deposits ''Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was estab ...''. References External links Bank Profile: Spar Nord Bank A/S {{Members o ...
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Arbejdernes Landsbank
Arbejdernes Landsbank () is a Danish bank founded in 1919 with approximately 250,000 customers and 1,075 employees. It is the 7th largest bank in Denmark. As of 2014 the bank has 70 branches in Denmark. History The bank was founded by Danish trade unions, the Social Democrats and Arbejderkul (union of coal workers) with an initial capital of DKK 2 million, most of which was pledged by Arbejderkul, who were particularly powerful after performing a crucial role in securing Denmark's energy supply during World War I. Although the bank was officially a public company, the shares could not be listed and remained with the labour movement. In practice the bank operated as a cooperative. During the great depression, major shareholder Arbejderkul ran into trouble and the trade union federation joined the ownership of the bank. In the 1960s the bank went through a major growth period, attracting new private customers and many independent branches were opened throughout Denmark. In 1986, ...
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Bank Failures
A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. A bank usually fails economically when the market value of its assets declines to a value that is less than the market value of its liabilities. The insolvent bank either borrows from other solvent banks or sells its assets at a lower price than its market value to generate liquid money to pay its depositors on demand. The inability of the solvent banks to lend liquid money to the insolvent bank creates a bank panic among the depositors as more depositors try to take out cash deposits from the bank. As such, the bank is unable to fulfill the demands of all of its depositors on time. A bank may be taken over by the regulating government agency if its shareholders' equity are below the regulatory minimum. The failure of a bank is generally considered to be of more importance than the failure of other types of ...
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Defunct Banks Of Denmark
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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