CORRECTION: Earnings impact on SpareBank 1 SR-Bank
Purchase of Glitnir Bank ASA In connection with the takeover of Glitnir Bank ASA, now BNbank ASA, SpareBank 1 SR-Bank will recognise about NOK 400 million of badwill in its consolidated accounts for 2008. SpareBank 1 SR-Bank owns 20 per cent of the shares of BNbank ASA. A consortium of SpareBank 1 banks paid NOK 300 million for BNbank ASA in December 2008. Badwill appears as the result of the assessed value of BNBank ASA as at 31 December 2008 less purchase price. SpareBank 1 Gruppen to post loss SpareBank 1 Gruppen, of which SpareBank 1 SR-Bank owns 19.5 per