Bank Norwegian has entered into an agreement with Axactor to transfer a portfolio of non-performing loans in Finland with an outstanding balance of approximately EUR 160 million. The transaction is estimated to close November 30, 2018 and is expected to have an immaterial earnings impact. The transaction will yield cost savings and eliminates uncertainty regarding the recovery of outstanding claims.
For any questions please call:
CEO Tine Wollebekk; phone: +47 40805557
CFO Pål Svenkerud; phone: +47 93403904
Head of Communications and Public Affairs Kai-Morten Terning; phone +47 90531898
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Norwegian Finans Holding ASA via Globenewswire