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Provider: GlobalData

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Spar Nord Bank A/S Announces Conclusion of Danish FSA's Ordinary Inspection

Monday, 24 Jun 2013 02:45am EDT 

Spar Nord Bank A/S announced, following recent speculations in Danish media regarding the frequency of FSA inspections in Danish banks, and in accord with the FSA, that the FSA has conducted its ordinary inspection of Spar Nord in the second quarter of 2013. The final inspection report is expected published by the FSA before the end of August 2013. However, at a meeting after the conclusion of the inspection the FSA has informed Spar Nord that the FSA is comfortable with the Company’s current loan impairment level and that the FSA has no remarks to the Company’s, ICAAP ratio. 

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23 Jul 2014