Roskilde Bank was a local

Danish Danish may refer to: * Something of, from, or related to the country of Denmark People * A national or citizen of Denmark, also called a "Dane," see Demographics of Denmark * Culture of Denmark * Danish people or Danes, people with a Danish ance ...

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 first time since 1928 that the Danish National Bank had taken over another bank. The loss is assumed to be between £3-6 billion, but circulating allegations maintain that the loss in the worst case could amount to 37 billion Kroner. The 33000 shareholders also stand to lose their money.

Sale of subsidiaries

On the 29 September 2008 Roskilde Bank signed agreements for the sale of a total of 21 branches, including 9 branches to Nordea, 7 branches to

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 m ...

and 5 branches to

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 tr ...

References

External links

Roskilde BankDanish National Bank
{{Authority control Bank failures Defunct banks of Denmark Banks established in 1884 Danish companies established in 1884 Banks disestablished in 2008 2008 disestablishments in Denmark Companies based in Roskilde Municipality