Update on Optin Bank ASA
The public administration process of the estate after the bank collapse in Optin Bank, which took place as a consequence of 24SevenOffice’s rescue plan being voted down, will soon conclude.The Supervisory Financial Authorities in Norway decided in June 2021 that Optin Bank ASA should be discontinued and placed under public administration. Prior to the decision, Optin was instructed to increase the core equity capital with a minimum of NOK 100 million within a short time period of a few weeks, in order to comply with the capital requirements set forth by the Financial Supervision