Norges Bank supports MeritaNordbanken's buy

The Norwegian central bank, Norges Bank, said Thursday it recommends to the Norwegian banking and insurance authority that Nordic Baltic Holding and its unit MeritaNordbanken (S.MNB) be allowed to acquire Christiania Bank og Kreditkassen (Y.CBK).

Norges Bank said the acquisition is expected to strengthen Christiania's competitiveness and won't affect Christiania's capital adequacy. Nordic Baltic Holdings is the Nordic region's largest banking concern. Christiania Bank og Kreditkasse is Norway'

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