Aug. 24 (Bloomberg) -- The Danish Central Bank and a grouping of the country's private lenders will acquire Roskilde Bank A/S after no buyers were found for the regional lender which last month received the first Danish central bank bailout in 15 years.

The central bank and the group will inject 4.5 billion kroner ($890 million) into the lender after no single private bank, domestic or foreign, was willing to buy Roskilde, the Copenhagen-based central bank, said today in an e-mailed statement.

The bank has additional writedowns of at least 1 billion kroner -- more than double the writedowns it has already declared -- a new external revision showed, Roskilde said today in a separate statement.

Roskilde, based in the city of the same name, received on July 10 ``unlimited liquidity'' from the central bank and the Danish Bankers Association agreed to cover as much as 750 million kroner of losses after Roskilde made bad loans to home builders. The central bank said then the backing was conditional on the bank finding a buyer within six months. Today, the central bank said Roskilde will continue to operate under its own brand.

``The government backs the solution found for Roskilde Bank,'' Bendt Bendtsen, economy minister, said in a statement on the ministry's Web site. ``We had preferred that a private buyer had been found, but in the current serious situation, this solution is necessary.''

Solvency Requirements

Roskilde Bank no longer meets requirements for solvency, it said today. The bank had said July 14 it would write down as much as 900 million kroner for the first six months of the year. Since then the July announcement, ``a large number of clients'' have pulled their assets out of the bank, it said today.

The bank's stock has dropped 43 percent since the July 10 announcement of the bailout and lost nine-tenths of its value since its April 2007 peak. The shares closed down 8.4 percent at 81.5 kroner on Aug. 22, giving the bank a market capitalization of 1.02 billion kroner.

The purchase sum, including debt, will be 37.3 billion kroner, Roskilde said. The buyers will ``take over all debt and other obligations except for the hybrid core capital,'' the central bank said.

Roskilde asked the Copenhagen OMX Stock Exchange to suspend the trading of its shares and the Oslo ABM and Irish Stock Exchange to suspend the trading of its issued bonds.

It was not immediately clear which lenders were part of the grouping acting together with the central bank, nor the proportion of funding being supplied by the bank and the grouping.

To contact the reporter on this story: Christian Wienberg in Copenhagen at cwienberg@bloomberg.net

Last Updated: August 24, 2008 17:51 EDT