Old Project Avalon Forum (ARCHIVE) - View Single Post - Norwegian banks will not be saved again...

lucrum · 12-03-2009, 01:04 PM

"Norges Bank" (Bank of Norway) recently ran a stresstest on on 149 Norwegian banks to check their liquidity in times of crisis.

The results are shocking, as this test reveals that 120/149 banks will not withstand another credit crunch if they at the same time experience a loss of about 5% of customer deposits due to bankruns.

The message from Norges Bank is clear: "We will not save these banks again!"

It looks like nothing was learned from the ever so mild credit crunch we experienced.

But that wasn't exactly news, was it?

http://www.dagbladet.no/2009/12/02/n...onomi/9303442/
(No link in english)

12-03-2009, 01:04 PM	#1
lucrum Avalon Senior Member Join Date: Sep 2008 Location: Norway Posts: 209	Norwegian banks will not be saved again... "Norges Bank" (Bank of Norway) recently ran a stresstest on on 149 Norwegian banks to check their liquidity in times of crisis. The results are shocking, as this test reveals that 120/149 banks will not withstand another credit crunch if they at the same time experience a loss of about 5% of customer deposits due to bankruns. The message from Norges Bank is clear: "We will not save these banks again!" It looks like nothing was learned from the ever so mild credit crunch we experienced. But that wasn't exactly news, was it? http://www.dagbladet.no/2009/12/02/n...onomi/9303442/ (No link in english)