COPENHAGEN, Feb 6 (Reuters) - Small Danish bank Amagerbanken said on Sunday that it no longer met solvency requirements and had agreed to be taken over by state administrators.
Amagerbanken said in a statement that fourth-quarter writedowns had wiped out its equity.
It said that it had agreed to transfer its assets to Finansiel Stabilitet A/S, the state company that administers failed banks.
Amagerbanken said that its continuing operations would be open for business on Monday morning, but trading of its shares and bonds on the Copenhagen bourse is suspended.
According to its most recent annual report, Amagerbanken has about 100,000 private customers and about 10,000 corporate clients.
(Reporting by John Acher) Keywords: AMAGERBANKEN/ (john.acher@reuters.com; +45 2630 9650; Reuters Messaging: john.acher.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Amagerbanken said in a statement that fourth-quarter writedowns had wiped out its equity.
It said that it had agreed to transfer its assets to Finansiel Stabilitet A/S, the state company that administers failed banks.
Amagerbanken said that its continuing operations would be open for business on Monday morning, but trading of its shares and bonds on the Copenhagen bourse is suspended.
According to its most recent annual report, Amagerbanken has about 100,000 private customers and about 10,000 corporate clients.
(Reporting by John Acher) Keywords: AMAGERBANKEN/ (john.acher@reuters.com; +45 2630 9650; Reuters Messaging: john.acher.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.