Brief: Sandnes Sparebank: One Of Bank's Corporate Customers To File For Bankruptcy

Rogaland Sparebank

20/03/2018 07:36

March 20 (Reuters) - SANDNES SPAREBANK  SADG.OL :
    * CONFIRMS THAT ONE OF THE BANK'S CORPORATE CUSTOMERS HAS
    * ‍BOARDS OF DIRECTORS IN COMPANIES HAVE CHOSEN TO FILE
HALVORSEN
GROUP AND HALVORSEN OFFSHORE FOR BANKRUPSY​
    * ‍BANK IS IN DIALOGUE WITH OWNERS TO ENSURE CONTINUED
OPERATION
OF OTHER COMPANIES IN GROUP.​
    * SAYS ‍LOAN ENGAGEMENT HAS BEEN IN DISTRESS FOR A COUPLE OF
YEARS​
    * ‍LOSS ESTIMATE FOR 2018 WAS 8 FEBRUARY 2018, ESTIMATED
WITHIN A
RANGE OF MNOK 50-90 FOR 2018​

Source text for Eikon:  ID:nObiw0LR8a 
Further company coverage:  SADG.OL 

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