By Christian Wienberg
July 11 (Bloomberg) -- Roskilde Bank A/S, the Danish lender whose shares performed the worst last year among the Nordic region's 86 financial companies, received liquidity from Denmark's central bank after saying its writedowns will be larger than expected.
Roskilde will receive ``adequate'' liquidity after the central bank discussed the matter with financial regulators and the Danish government, the Copenhagen-based central bank said late yesterday in a statement on its Web site.
Roskilde bank, based in the city of the same name, said late yesterday in a separate statement that a regular review of its loans and guarantees revealed that ``larger than expected writedowns will have to be made.''
Roskilde, whose credit rating was lowered by Moody's Investors Serice on July 1, said the liquidity will create ``sufficient calmness,? while it works to sell all or parts of its banking business.
To contact the reporter on this story: Christian Wienberg in Copenhagen at cwienberg@bloomberg.net
Last Updated: July 10, 2008 20:19 EDT
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