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148:. (The contribution of the Säästöpankki group to the total damages to the government was 96%.) The defaulted debts led to a large amount of property being passed to the government as collateral, with concomitant bankruptcy court cases where the state had an interest. In 1994, Arsenal held 4.822 million euros of assets and had 12,684 customers. In 1999, the business managing the real estate collateral was spun off as Kapiteeli Oyj, which was bought by
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Bank, but since 2012 has had no government ownership.) Most of the remaining collateral was sold between 2000 and 2003. In 2003, Arsenal voluntarily started liquidation proceedings. As of May 2013, Arsenal had 121 debtors and 28 court cases ongoing, and kept four employees. As of
October 2017,
212:[Kari Uot was betrayed. Then the recession started, and nobody could do anything about the banking crisis. Politicians and great leaders were saved when suitable victims were found. This is what Uoti claims] (in Finnish). Archived from
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210:"Kari Uotia petettiin. Sitten alkoi lama, eikä pankkikriisille kukaan pystynyt mitään. Poliitikot ja suuret johtajat pelastettiin, kun sopivat uhrit löydettiin. Näin väittää Uoti"
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Arsenal of deliberately undervaluing its assets, which would allow it to post significant apparent profits.
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in 2006. (Sponda was also founded as a result of the same crisis around real estate and stocks from the collapsed
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for management of assets received as collateral from bad debt. Arsenal was founded after the
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in 1993 as a response to the nationalization of failed banks, mainly Säästöpankki and
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Arsenal is still in liquidation and pursuing court cases. Attorney
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269:[Arsenal's ambiguities] (in Finnish). Archived from
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57:. Unsourced material may be challenged and removed.
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132:("Asset Management Corporation Arsenal") is a
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484:HAUS Finnish Institute of Public Management
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117:Learn how and when to remove this message
627:VTT Technical Research Centre of Finland
164:The colloquial Finnish term for such a
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55:adding citations to reliable sources
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172:"junk bank", so called for holding
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142:early 1990s recession
138:Government of Finland
557:Suomen Erillisverkot
392:Finnish Climate Fund
51:improve this article
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62:Find sources:
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40:This article
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271:the original
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218:. Retrieved
214:the original
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194:Banks portal
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49:Please help
44:verification
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18:OHY Arsenal
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237:.
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