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After two-and-a-half years of struggling, Amagerbanken’s death throes have culminated in the bank going bankrupt. As of today Amagerbanken has been taken over by Financial Stability, the national company for bankrupt financial institutions.
The decision to declare the bank bankrupt and hand it over to Financial Stability comes after the Board was informed on Friday that Q4 2010 showed writedowns of more than DKK 3 billion.
