Fionia Bank at a glance
On 23 February 2009 Finansiel Stabilitet signed an agreement with Fionia Bank, which among other things implies the following:
• Founding of a new bank to which all Fionia Bank’s assets and liabilities, except share capital and subordinated debt in the existing bank, is transferred. The current shareholders continue as owners of the new bank.
• Finansiel Stabilitet injects approximately DKK 1 bn. as subordinated capital
• Fionia Bank’s shares in the new bank are pledged to Finansiel Stabilitet. Simultaneously, the voting rights of the shares are transferred to Finansiel Stabilitet, which thereby gains control with the new bank.
The new bank’s activities are continued under the name Fionia Bank A/S.