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MORROW Morrow Bank AB News Story

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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;))

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