Follow Us

Follow us on Twitter  Follow us on LinkedIn

Article List:

 

16 December 2008

Commission approves Swedish rescue aid for Carnegie Bank


The Commission approved the Swedish emergency liquidity assistance to Carnegie Investment Bank AB worth €225 million granted by the Swedish authorities.

The Commission approved the Swedish emergency liquidity assistance to Carnegie Investment Bank AB worth €225 million granted by the Swedish authorities.

 

In October 2008 the Swedish central bank granted SEK 2.4 billion special liquidity assistance to Carnegie Bank which was facing urgent liquidity problems. On 10 November 2008, as Carnegie Bank’s position had further deteriorated, the central bank’s assistance was replaced by an emergency loan of equivalent size from the National Debt Office. The National Debt Office subsequently took over all of Carnegie Bank's shares, which had been pledged as collateral.

 

Press release

 



© European Commission


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment