Bank Norwegian AS : BANK NORWEGIAN SELLS PORTFOLIO
Post# of 301275
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Posted On: 07/07/2017 1:00:20 PM
Bank Norwegian AS : BANK NORWEGIAN SELLS PORTFOLIO OF NON-PERFORMING LOANS IN NORWAY
Bank Norwegian has entered into an agreement with Kredinor to transfer a portfolio of non-performing loans in Norway with a book value of appx NOK 240 million. The transaction is estimated to be closed August 1, 2017 and has an estimated earnings impact of NOK 45 million. The transaction will yield cost savings and eliminates uncertainty regarding the recovery of outstanding claims.
If you have questions you may call;
CFO Pål Svenkerud; phone: +4793403904
https://www.banknorwegian.no/ This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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