Brief: Tysnes Sparebank Reports Loss Provisions

Tysnes Sparebank

03/09/2024 09:13

Sept 3 (Reuters) - Tysnes Sparebank  TYSB.OL :
    * REPORTS LOSS PROVISIONS IN THE AMOUNT OF NOK 77 MILLION
    * LOSS PROVISIONS WILL HAVE AN IMPACT ON IMPLEMENTATION OF MERGER WITH HAUGESUND SPAREBANK
 HGSB.OL 
    * WILL STILL FULFILL MINIMUM REQUIREMENT FOR COMMON CORE CAPITAL RATIO
    * RENEGOTIATION OF EXCHANGE RATIO AND OTHER PARTS OF MERGER EXPECTED TO POSTPONE COMPLETION
OF
MERGER TO FEB 2025

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