Brief: Morrow Bank To Sell Non-Performing Loans In Finland
05/09/2025 07:07
Sept 5 (Reuters) - Morrow Bank ASA MOBAM.OL: ANNOUNCES SALE OF NON-PERFORMING LOANS IN FINLAND ENTERED INTO A DEFINITIVE AGREEMENT WITH SILVER POINT CAPITAL TO SELL A PART OF BANK'S NON-PERFORMING UNSECURED LOANS (NPL) IN FINLAND, REPRESENTING A GROSS BOOK VALUE OF APPROXIMATELY EUR 72 MILLION. TRANSACTION IS EXPECTED TO CLOSE BEFORE END OF Q3 2025. TRANSACTION WILL REDUCE BANK'S NPL EXPOSURE RISK, IMPROVE CAPITAL RATIOS AND WILL NOT AFFECT PROFITABILITY Source text: ID:nObiKgWnPa Further company coverage: MOBAM.OL (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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