The supervisory board of SpareBank 1 SR-Bank passed the decision to restructure into a public limited savings bank
(Thomson Reuters ONE) -
The supervisory board of SpareBank 1 SR-Bank has in a meeting on 25 November
2010 (unanimously) passed the board's recommendation to restructure the bank as
a public share corporation (ASA) in line with the summons published in the
announcement to the stock exchange on 5 November.
The strong development of the bank over the course of several years has been
decisive for providing the region with the required capital. A continued
profitable and healthy bank, with good access to both equity and debt capital,
will be of great importance for continued growth and development in the region.
An application for restructuring will be submitted to the Financial Supervisory
Authority as advisory authority by the end of December this year. Final
permission is dependent on approval by the Ministry of Finance.
Stavanger, 25 November 2010
Contact persons:
Terje Vareberg, CEO, telephone +47 911 00 448
Inge Reinertsen, CFO, telephone +47 909 95 033
Thor-Christian Haugland, Executive Vice President Communications, telephone
+47 480 316 33
Vidar Torsøe, Director Investor Relations, telephone +47 970 80 656
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1465595]
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(i) the releases contained herein are protected by copyright and
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Source: SpareBank 1 SR-Bank via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 25.11.2010 - 11:45 Uhr
Sprache: Deutsch
News-ID 49115
Anzahl Zeichen: 2003
contact information:
Town:
Stavanger
Kategorie:
Business News
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