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DEN NORSKE BANK NEGOTIATES ACQUISITION OF REALKREDITT

 DEN NORSKE BANK NEGOTIATES ACQUISITION OF REALKREDITT
 OSLO, Norway, Nov. 28 /PRNewswire/ -- Den norske Bank is negotiating the acquisition of Realkreditt, a Norwegian mortgage institution. As an element in the acquisition, Den norske Bank is in the process of planning a substantial capital increase which will involve the Government Bank Investment Fund as well as institutional and other investors.
 As a result of the negotiations on the acquisition of Realkreditt. Den norske Bank has today asked the Oslo Stock Exchange to consider suspending trading of the bank's shares.
 On Friday, Den norske Bank will present an application to the Commercial Banks' Guarantee Fund for a further injection of preference capital. It is the bank's goal that the capital increase, coupled with the injection of preference capital, will contribute to Den norske Bank attaining a capital ratio of 8 percent.
 Den norske Bank will issue a new statement on Monday.
 -0- 11/28/91
 /CONTACT: Jarl Veggan of Den norske Bank, (Oslo) 47-2-481691// CO: Den norske Bank ST: IN: FIN SU: TNM


JT -- NY004 -- 7975 11/28/91 10:53 EST
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Publication:PR Newswire
Date:Nov 28, 1991
Words:180
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