Brief: Morrow Bank Sells Non-Performing Loans In Sweden
Feb 12 (Reuters) - Morrow Bank AB MORROW.ST: SAID ON WEDNESDAY ENTERED INTO AGREEMENT WITH ARKTIKA CAPITAL TO SELL PART OF NON-PERFORMING UNSECURED LOANS IN SWEDEN GROSS BOOK VALUE OF APPROXIMATELY SEK 440 MILLION TRANSACTION WILL REDUCE NPL EXPOSURE RISK, IMPROVE CAPITAL RATIOS AND IS FORESEEN TO AFFECT PRE-TAX PROFITABILITY POSITIVELY Source text for Workspace: nMFNfrmgK Further company coverage: MORROW.ST (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))