MING:SpareBank 1 SMN takes over BNbank in ÿlesund
(Thomson Reuters ONE) - BNbank and SpareBank 1 SMN have formalised an agreement on how thetransfer of BNbank's operation in ÿlesund to SpareBank 1 SMN is to goahead.Under the agreement SpareBank 1 SMN will take over 36 employees atBNbank's branch in ÿlesund along with all customer relationships,representing loans totalling NOK 5.3 billion and deposits worth NOK1.4 billion.The present balance sheet in ÿlesund will be gradually transferred toSpareBank 1 SMN. BNbank will finance the portfolio and will alsounderwrite the credit risk. The risk guarantee and the financing willbe gradually reduced over a three to five-year period.Solid platform in Sunnmøre"All in all this is considered a good solution for SpareBank 1 SMNand BNbank. SMN will have access to good team of specialists and alarge number of very interesting customer relationships. This givesus a solid platform to build on for our operation in Sunnmøre, whichis a strategic focal area for SMN," says CEO Finn Haugan at SpareBank1 SMN."The outlook is positive for BNbank too - for our customers, for thestaff in ÿlesund and for the bank in terms of securing its portfolioassets," says CEO Lisbet K. Nærø at BNbank.The new owners of BNbank agreed in February 2009 that SpareBank 1 SMNshould take over the operation in ÿlesund, formerly Glitnir Bank inÿlesund. Glitnir Bank's forerunner was Kreditbanken in ÿlesund.Contact persons:SpareBank 1 SMN, CEO, Finn Haugan, +47 900 41 002BNbank, CEO Lisbet K. Nærø, +47 952 65 960This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 22.09.2009 - 12:37 Uhr
Sprache: Deutsch
News-ID 6078
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