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Notes to editors: The Norwegian Banks' Guarantee Fund - All banks with a head office in Norway, and subsidiaries of foreign banks, shall according to the law be members of The Norwegian Banks' Guarantee Fund.
Glitnir Bank, Iceland's third largest bank, was taken into receivership on October 8, 2008 under the Icelandic Supervisory Authority, and a day after the Norwegian Banks' Guarantee Fund granted the Norwegian subsidiary, Glitnir Bank ASA, NOK5bn (USD770m) in credit to ensure its liquidity until it could be sold.