Brief: Bank Of Tianjin Updates On Possible Default Risk Of Client

Bank of Tianjin Co

24/08/2018 12:44

Aug 24 (Reuters) - Bank of Tianjin Co Ltd  1578.HK :
    * NOTES COURT'S ACCEPTANCE OF TIANJIN SAI RUI MACHINERY
EQUIPMENT'S APPLICATION FOR BANKRUPTCY REORGANIZATION OF BOHAI
STEEL GROUP CO
    * EXPECTS THAT BOHAI STEEL GROUP COULD NOT FULLY REPAY
PRINCIPAL
OF ITS BORROWINGS FROM BANK WHEN DUE
    * BANK HAS MADE ADDITIONAL PROVISIONS TO COVER SUCH RISKS,
WHICH
WILL HAVE EFFECTS ON FINANCIAL RESULTS OF BANK FOR YEAR OF 2018
    * EXPECTS THAT EVENT WILL NOT AFFECT BANK'S ABILITY TO MEET
KEY
REGULATORY INDICATORS

Source text for Eikon:  ID:nHKS105K1Y 
Further company coverage:  1578.HK 

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