Sparekassen Faaborg A/S
Sparekassen Faaborg’s exposure to Max Bank A/S
Sparekassen Faaborg A/S 10.10.2011 10:10 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Faaborg, Denmark, 2011-10-10 10:10 CEST (GLOBE NEWSWIRE) -- Sparekassen Faaborg has no credit exposures through credit facilities or shares in Max Bank. Sparekassen Faaborg owns bonds in Kalvebod PLC together with Max Bank as one of the participating banks. We expect a loss of up to approx. DKK 4m on these bonds. The Danish financial sector is facing a loss in connection with the Guarantee Fund for Depositors and Investors' payment of covered deposits in Max Bank. Sparekassen Faaborg's most recently calculated share of the financial sector's guarantee to the Guarantee Fund for Depositors and Investors amounts to 0.45 percent. ___________________________________________________________________________ For further information please contact Claus Sejling CEO Phone: +45 63 61 18 14 CEO Claus Sejling, phone no +45 6361 1814 News Source: NASDAQ OMX 10.10.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Sparekassen Faaborg A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010150523 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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