Brief: TF Bank Abandons EPS Financial Target For 2020

Avarda Bank AB

05/04/2020 17:31

April 5 (Reuters) - TF Bank AB  TFBANK.ST :
    * TF BANK MAKES ADDITIONAL PROVISIONING FOR LOAN LOSSES OF
SEK 30M
IN THE FIRST QUARTER AND ABANDONS THE EPS FINANCIAL TARGET FOR
2020
    * FINANCIAL TARGET OF A PROFIT OF AT LEAST SEK 14.50 PER
SHARE IN
2020 IS ABANDONED
    * UNCERTAIN MACROECONOMIC SITUATION AS A RESULT OF COVID-19
EXPECTED TO AFFECT TF BANK'S CREDIT LOSSES IN COMING 12 MONTHS

Source text for Eikon:  ID:nWkr7h1f8v 
Further company coverage:  TFBANK.ST 

 ((Reuters.Briefs@thomsonreuters.com;))