Carnegie Bank A/S to Join the Danish Guarantee Fund

STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:

Carnegie Bank A/S (STO:CAR) has decided to contribute to the guarantee fund that the Danish government and the Danish banking sector’s private contingency body, Det Private Beredskab, have established.

The guaranteee fund will be in operations for two years and is a supplement to the government’s deposit insurance. The fund will protect the deposits in Danish banks and is being funded by contributions from banks in Denmark.

As payment for the state guarantee Carnegie Bank A/S will pay an estimated premium of DKK 8 million over two years and may be obliged to pay an estimated further DKK 10 million.

Carnegie is a leading independent investment bank with Nordic focus. Carnegie provides value-added services in securities brokering, investment banking, asset management, and private banking, as well as pension advisory services to institutions, corporations and private clients. Carnegie has approximately 1,100 employees in eight countries and is listed on the Nordic Exchange.

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