Resurs Bank intends to carry out an intra-group cross-border merger with yA Bank AS
The Board of Directors of Resurs Bank AB (publ) (“Resurs Bank”) announces its intention to initiate a process to merge Resurs Bank with its wholly-owned subsidiary yA Bank AS (“yA Bank”), by a cross-border merger. The intention is to complete the merger during 2018. Resurs Bank is expecting the proposed merger to enable a more effective utilization of internal resources and knowledge transfer, a broader product offering under the trademark Resurs and optimization of capital and liquidity utilization within the Resurs Group. Completion of the merger entails that the regulatory capital