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Business

Bank’s three-year stuggle ends in bankruptcy

admin
February 7th, 2011


This article is more than 13 years old.

Country’s 11th largest bank will now be taken over by state

Amagerbanken yesterday filed for bankruptcy. The bank has now been taken over by the Financial Stability Company, the government body responsible for liquidating cracked banks.

The decision follows the publication of the bank’s 2010 annual report, which showed devaluations of three billion kroner.

The bank’s equity on September 30 was 2.4 billion kroner. At the end of the year, it had debts of 654 million kroner.

Amagerbanken is the country’s 11th largest financial institution and has been close to bankruptcy several times over the past two and half years. Each time, however, it has been bailed out by investors.

One of those investors is billionaire Karsten Ree, who has pumped 800 million kroner into the now-failed bank.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”