Bank Norwegian has entered into an agreement with Axactor to transfer a portfolio of non-performing loans in Sweden with a book value of SEK 585 million. The transaction is estimated to be closed April 21, 2017 and has an estimated earnings impact of SEK 43 million. The transaction improves capital ratios, reduces running operating costs and eliminates uncertainty regarding the recovery of outstanding claims.
Interim CEO Pål Svenkerud; phone: +4793403904
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Source: Norwegian Finans Holding ASA via Globenewswire