Brief: Swedbank Enters Agreement On Sale Of Non-Performing Loans
BRIEF-Swedbank Enters Agreement On Sale Of Non-Performing Loans Sept 18 (Reuters) - Swedbank AB SWEDa.ST:
AGREEMENT ON SALE OF NON-PERFORMING LOANS
NON-PERFORMING PORTFOLIO AMOUNTS TO AROUND SEK 4 BILLION
SALE WILL IMPLY POSITIVE REVALUATION OF EXPECTED CREDIT LOSSES OF APPROXIMATELY SEK 0.5 BILLION TO BE RECOGNISED IN Q3
SALE WILL IMPLY CAPITAL BENEFIT OF APPROXIMATELY 3-5 BASIS POINTS AT CLOSE
SALE WILL IMPLY APPROXIMATELY SEK 100 MLN LOWER ANNUAL NET INTEREST INCOME
Source text: ID:nWkrQ7zpp
Further company coverage: [SWEDa.ST]
(Gdansk Newsroom)
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