FTimes – STT Report, Dec. 10
According to the government, Nordea’s share in the fund could rise to more than 800 million euros.
In addition to Nordea, two other banks in the country – OP-Pohjola Group and Danske bank – will almost entirely cover the whole country’s contribution.
The fees will be determined by the size risk concentrations of the banks.
Small banks will receive payment facilities, because they are not considered to pose high risk to the financial system.
The objective is to raise a 55 billion euro crisis fund to be raised by the Eurozone banks.
