Individual government guarantee

Individual Government Guarantee

The Act to amend the Act on Financial Stability, which entered into force on 4 February 2009, established a scheme under which the Financial Stability Company may, on the basis of an application, enter into agreements for the provision of individual government guarantees for existing and new unsubordinated, unsecured debt and for the provision of supplementary collateral (junior covered bonds) with a maturity of up to three years by institutions issuing covered bonds or mortgage-covered bonds. The guarantee scheme applies to loans issued on or before 31 December 2010.

Applications may be submitted by Danish banks, subsidiaries of foreign banks operating in Denmark, mortgage credit institutions and Danish Ship Finance A/S complying with the solvency requirement of 8%, the institution’s individual solvency needs and any higher individual solvency requirements fixed by the Danish FSA, cf. section 124 of the Danish Financial Business Act.

The individual government guarantee applies to the following loans and bond issues:

Reg no.	Banks
043	Alm. Brand Bank A/S
056	Amagerbanken A/S
016	Arbejdernes Landsbank A/S
007	Basisbank A/S
011	BRFkredit A/S
051	Broager Sparekasse
050	Cantobank A/S
002	Danske Bank A/S
006	Den Jyske Sparekasse
025	Diba Bank A/S
052	DLR Kredit A/S
010	Dronninglund Sparekasse
034	Eik Bank Danmark A/S
023	Eik Banki P/F
004	FIH Erhvervsbank A/S
031	Grønlandsbanken A/S
044	Hvidbjerg Bank A/S
041	Kreditbanken A/S
015	Max Bank A/S
030	Middelfart Sparekasse
033	Morsø Bank A/S
055	Morsø Sparekasse A/S
037	Nordfyns Bank A/S
035	Nordjyske Bank A/S
049	Norðoya Sparikassi
012	P/F BankNordik
040	Sammenslutningen Danske Andelskasser
017	Skjern Bank A/S
003	Spar Nord Bank A/S
028	Sparbank A/S
057	Sparekassen Bredebro
009	Sparekassen Farsø
039	Sparekassen Faaborg A/S
008	Sparekassen Himmerland A/S
045	Sparekassen Hobro
005	Sparekassen Hvetbo A/S
042	Sparekassen i Skals
048	Sparekassen Kronjylland
054	Sparekassen Limfjorden
036	Sparekassen Lolland A/S
022	Sparekassen Sjælland
014	Sparekassen Vendsyssel
024	Sparekassen Østjylland
046	Totalbanken A/S
018	Tønder Bank A/S
047	Vestfyns Bank A/S
019	Vestjysk Bank A/S
027	Vorbasse-Hejnsvig Sparekasse
029	Vordingborg Bank A/S
021	Østjydsk Bank A/S
026	Aarhus Lokalbank A/S