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Europe Daily Bulletin No. 10471

12 October 2011
Contents Publication in full By article 24 / 33
GENERAL NEWS / (ae) eu/state aid
Danish aid to rescue Max Bank

Brussels, 11/10/2011 (Agence Europe) - On Monday 10 October, the European Commission temporarily approved Danish public support to facilitate the sale of part of Max Bank, a small bank active primarily in southern and western parts of Zealand, Denmark. The bank reported significant impairment losses on loans and advances and, as a result, the Danish financial regulator considered it necessary to bail out the bank. Thus, the bank will be divided into a good part and a bad part. The good part...

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