Spar Nord to Take Over Business Customers from FIH Erhvervsbank A/S

Spar Nord has entered into an agreement with FIH Erhvervsbank A/S, under which Spar Nord will take more than 34 customers of business objects with a total business volume of 907 million DKK.

Spar Nord Bank Logo

34 facilities have a normal quality of the loan portfolio and is well diversified in terms of sectors and geography. Business volume picked up in the main collapse of bank loans to 547 million Danish krone, a mortgage loan in the amount of 323 million DKK and the market value of derivative financial instruments in the amount of 33 million DKK.

Spar Nord will not take on all the staff and will pay goodwill in connection with the transaction.

As Spar Nord and FIH Erhvervsbank A/S concluded a previous agreement on the transfer of the objects within the past 24 months, Spar Nord has officially appealed to the Danish Competition and Consumer Authority, if you want to merge approval again.

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