Norwegian Finans Holding ASA : BANK NORWEGIAN SELLS PORTFOLIO OF NON-PERFORMING LOANS IN FINLAND

Norwegian Finans Holding ASA : BANK NORWEGIAN SELLS PORTFOLIO OF NON-PERFORMING LOANS IN FINLAND

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

 

https://www.banknorwegian.no



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Source: Norwegian Finans Holding ASA via Globenewswire