NORDIC DAYBOOK: Denmark Bails Out Amagerbanken for $2.76 Billion

Amagerbanken A/S, a 108-year old Danish lender with 115,000 clients, has sought bankruptcy protection and asked Denmark’s government to provide liquidity after loan losses jumped.


WHAT TO WATCH: * Nokia shows its E7 handset in Espoo at 12 noon.

MARKETS: * Nasdaq OMX Helsinki 25 Index rose 0.2% to 2,668.02 * The OMX Stockholm 30 Index advanced 0.1 percent to 1,139.31 * Oslo’s OBX Index fell 0.1% to 460.44 * The Copenhagen 20 Index declined 0.1% to 463.67 * Swedish krona -- U.S. 6.4693 - EU 8.8047 * Norwegian krone -- U.S. 5.7544 - EU 7.8304

EARNINGS: * Assa Abloy AB (ASSAB SS) 4Q at 8:00 a.m.; Net est. SK1.09B * Norvestia Oyj (NVABV FH) 4Q * Ambu A/S (AMBUB DC) 1Q

ECONOMY: * Sweden’s January government budget balance from National Debt Office, 9:30 a.m. * Denmark’s December industrial production, 9:30 a.m. * Norway December industrial production, 10 a.m. * Norway December production manufacturing, 10 a.m. * Currency seminar in Oslo, Feb. 7-8. Bjoern Skogstad Aamo, chief of the Financial Supervisory Authority of Norway, Martin Skancke, head of asset management at Norway’s Finance Ministry, and Norway Finance Minister Sigbjoern Johnsen among attendees.

COMPANIES: * SAS AB (SAS SS) Jan Traffic. * Cimber Sterling A/S (CIMBER DC) Dec-Jan Traffic. * Nokia sponsors Social Media Week in nine cities around the world.

RATING CHANGES: * Orion Oyj (ORNBV FH) cut to “hold” from “buy” at Enskilda. * Q-Free ASA (QFR NO) raised to “buy” from “hold” at Enskilda.

To contact the reporter on this story: Christian Wienberg in Copenhagen at

To contact the editor responsible for this story: Gelu Sulugiuc at

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