Bank’s three-year stuggle ends in bankruptcy

Country’s 11th largest bank will now be taken over by state

Feb 7, 2011

Amagerbanken yesterday filed for bankruptcy. The bank has now been taken over by the Financial Stability Company, the government body responsible for liquidating cracked banks.

The decision follows the publication of the bank’s 2010 annual report, which showed devaluations of three billion kroner.

The bank’s equity on September 30 was 2.4 billion kroner. At the end of the year, it had debts of 654 million kroner.

Amagerbanken is the country’s 11th largest financial institution and has been close to bankruptcy several times over the past two and half years. Each time, however, it has been bailed out by investors.

One of those investors is billionaire Karsten Ree, who has pumped 800 million kroner into the now-failed bank.

TOP STORIES

Condoms are “boring” and “difficult”, so Danish youth choose to have sex without them

A new study by the World Health Organization WHO shows an “alarming decline” in the use of condoms by European teenagers. This also applies in Denmark.
Diversifying the Nordics: How a Nigerian economist became a beacon for inclusivity in Scandinavia

Chisom Udeze, the founder of Diversify – a global organization that works at the intersection of inclusion, democracy, freedom, climate sustainability, justice, and belonging – shares how struggling to find a community in Norway motivated her to build a Nordic-wide professional network. We also hear from Dr. Poornima Luthra, Associate Professor at CBS, about how to address bias in the workplace.
New Lolland rewilding project is “win all round” says farmland owner

A protected nature area will be established in South Lolland, equivalent to around 60 football pitches, near the vast new Femern Belt Link tunnel project. The park will be a rewilding project on agricultural land – a form of land transition that the Danish government has recently begun incentivising as part of its progressive new green tax agreement.
How to easily get your child into a snowsuit – without blood, sweat and tears

As we find ourselves in early September, it may still be hard to imagine colder days ahead. But in the Nordics, winter is never too far away. So let’s take a step ahead and talk about a Danish winter essential for your little one – the snowsuit.
Intro week is not easy for introverts

Pub-crawls, clubbing and icebreakers planned by extroverted senior students for new first-year students can be fun for extroverts, but too much for introverts who feel pressured to participate.
Indian summer hits Denmark for a while

Although the light already disappears after 8 PM, summer rests upon Denmark. This applies especially in the capital area, where the next few days offer sunshine and 25 degrees

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

13 Sep: Social Beer Walk – A guided tour of Copenhagen harbour

Career

Diversifying the Nordics: How a Nigerian economist became a beacon for inclusivity in Scandinavia

Chisom Udeze, the founder of Diversify – a global organization that works at the intersection of inclusion, democracy, freedom, climate sustainability, justice, and belonging – shares how struggling to find a community in Norway motivated her to build a Nordic-wide professional network. We also hear from Dr. Poornima Luthra, Associate Professor at CBS, about how to address bias in the workplace.
Lolland Municipality launches support package for accompanying spouses

Lolland Municipality, home to Denmark’s largest infrastructure project – the Fehmarnbelt tunnel connection to Germany – has launched a new jobseeker support package for the accompanying partners of international employees in the area. The job-to-partner package offers free tailored sessions on finding a job and starting a personal business.
This rooftop ‘Scandarabian’ restaurant is helping international jobseekers to upskill for the Danish market

The social enterprise and rooftop restaurant Do More focuses especially on helping long-term unemployed citizens who struggle to enter the Danish labor market due to a lack of experience from their home country, language barriers, and other factors.

Want to advertise your job with CPH Post?

Jobs

Bank’s three-year stuggle ends in bankruptcy

Condoms are “boring” and “difficult”, so Danish youth choose to have sex without them

Diversifying the Nordics: How a Nigerian economist became a beacon for inclusivity in Scandinavia

New Lolland rewilding project is “win all round” says farmland owner

How to easily get your child into a snowsuit – without blood, sweat and tears

Intro week is not easy for introverts

Indian summer hits Denmark for a while

13 Sep: Social Beer Walk – A guided tour of Copenhagen harbour

Diversifying the Nordics: How a Nigerian economist became a beacon for inclusivity in Scandinavia

Lolland Municipality launches support package for accompanying spouses

This rooftop ‘Scandarabian’ restaurant is helping international jobseekers to upskill for the Danish market

Want to advertise your job with CPH Post?

QA EXT. MANUFACTURING SENIOR SPECIALIST & COORDINATOR

Freelance Designer for Short-Term Contract – Immediate start – Remote or in CPH

Account Manager – Polish market (Polish speaker)