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Financial stability and financial risks

The Winding-Up of Varde Bank

In the early 1990s the financial problems experienced by Varde Bank reached a point where a winding-up solution for the bank had to be established. For all practical purposes, the winding-up has now been completed. This article sums up the case and describes the background to Varde Bank's problems and the motives and considerations behind the winding-up solution chosen. In addition, the article focuses on some of the problems that arose during the process.