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