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DEN NORSKE'S APPROVED CAPITAL INCREASES TOTAL NOK 5.9 BILLION

 DEN NORSKE'S APPROVED CAPITAL INCREASES TOTAL NOK 5.9 BILLION
 OSLO, Norway, April 9 /PRNewswire/ -- Den Norske Bank's annual general meeting (AGM) yesterday approved the implementation of the proposed capital increases, which will provide the bank with 2,620 million Norwegian kroner (NOK) in new share capital.
 The resolutions also ensure the infusion of NOK 3,250 million in preference capital from the Government Bank Insurance Fund.
 The AGM adopted the annual accounts for 1991 as proposed by the board of directors and passed all of the resolutions necessary to implement the capital increases, including the reduction of the par value of the shares to NOK 10.
 "The AGM's decision is an important contribution to achieving a satisfactory capital position for Den Norske Bank, and will enhance the bank's efforts to improve its competitive ability," commented Finn A. Hvistendahl after the meeting. He also hopes that a large number of the bank's shareholders will participate in the public offering of preference shares to be implemented by the bank in May/June of this year.
 -0- 4/9/92
 /CONTACT: Den Norske Bank corporate communications, in Oslo: 2-481691 or 2-481050/ CO: Den Norske Bank ST: IN: FIN SU:


TS -- NY011 -- 6534 04/09/92 06:42 EDT
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Publication:PR Newswire
Date:Apr 9, 1992
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