STOCKHOLM, Sweden, Nov. 4 (UPI) -- Swedbank in Stockholm, Sweden, said it would participate in the government's bailout program and also said it would prefer some company.
"It's difficult for us to speak to the other banks. But it is our understanding that the program will be most effective if all banks on are board," Swedbank spokeswoman Anna Sunblad said.
The bank did not say how much it would ask for in government loan guarantees, The Local reported Tuesday. It also has not announced how long it would participate in the program, The Local reported.
The bailout, managed by the National Debt Office, requires Swedbank to pay a higher risk premium, which amounts to 0.33 percentage point on top of a basic fee of 0.5 percentage point, The Local said.