Roskilde Bank

Roskilde Bank

Founded	1884
Headquarters	Roskilde, Denmark
Website	www.roskildebank.dk

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 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 and 5 branches to Arbejdernes Landsbank.

References

External links

• Roskilde Bank
• Danish National Bank

Members of Euro Banking Association
Austria	Allgemeine Sparkasse Oberosterreich Bank für Tirol und Vorarlberg AG BKS Bank AG Erste Group Bank AG Oberbank AG Oesterreichische Nationalbank Raiffeisen Zentralbank Österreich AG Raiffeisenlandesbank Oberösterreich AG Raiffeisen-Landesbank Tirol AG Steiermärkische Bank und Sparkassen AG
Belgium	Dexia Bank NV KBC Bank NV Bank van De Post
Cyprus	Bank of Cyprus Hellenic Bank
Denmark	Amagerbanken A/S Arbejdernes Landsbank A/S Danske Andelskassers Bank A/S Danske Bank A/S DiBa Bank A/S Djurslands Bank A/S Jyske Bank A/S Nordjyske Bank A/S Nørresundby Bank Østjydsk Bank A/S Ringkøbing Landbobank Roskilde Bank A/S Skjern Bank Spar Nord Bank Sparekassen Sjælland Sydbank A/S Vestfyns Bank A/S Vestjysk Bank
Finland	Aktia Bank PLC Bank of Åland PLC Pohjola Bank PLC S-Bank LTD. Tapiola Bank LTD
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Luxembourg	Banque et Caisse d'Épargne de l'État Banque Raiffeisen Banque Internationale à Luxembourg SA KBL European Private Bankers Société Générale Bank & Trust
Netherlands	ABN Amro Bank NV De Nederlandsche Bank ING Bank NV Rabobank Nederland
Poland	Bank BPH SA Narodowy Bank Polski
Portugal	Banco BPI SA Banco Comercial Português Crédito Agrícola Caixa Geral de Depósitos Novo Banco
Slovenia	Banka Slovenije
Spain	Banco Bilbao Vizcaya Argentaria, S.A. Banco Popular Español, S.A. Banco Sabadell, S.A. Bankinter, S.A. Banco Santander, S.A. CaixaBank, S.A. (La Caixa) Catalunya Banc, S.A. (CatalunyaCaixa) Kutxabank, S.A. ABANCA Corporación Bancaria, S.A. (Abanca) Caja Laboral Popular, Cooperativa de Crédito (Caja Laboral) Banco Cooperativo Español, S.A. (Caja Rural) CECABANK, S.A.
Sweden	Skandinaviska Enskilda Banken Svenska Handelsbanken Swedbank AB Nordea Bank AB
United Kingdom	Bank of Tokyo-Mitsubishi UFJ Ltd. Barclays Bank PLC Citibank NA DNB Bank (NOR) HSBC Bank PLC JPMorgan Chase Bank, N.A., London Branch Kookmin Bank International Ltd. Lloyds Bank PLC MashreqBank psc (UAE) Royal Bank of Scotland PLC UBS AG Wells Fargo Bank NA
Non-EU	Bank of China (CHN)