NONG - SpareBank 1 Nord-Norge strengthens its equity
The Main Board of Directors of SpareBank 1 Nord-Norge proposes an equity issue of up to NOK 600 million by means of: · A guaranteed rights issue towards existing equity certificate holders of NOK 450 million · A private placement of up to NOK 150 million The background to the proposal to strengthen the equity is as follows: · New international regulations for capital adequacy significantly alter the calculation of - and minimum requirements for - bank solidity. SpareBank 1 Nord-Norge wishes at an early stage to ensure that the group's capital adequacy is in accordance