Swedbank Enters Agreement On Sale Of Non-Performing Loans

By Reuters News

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

Further company coverage: [SWEDa.ST]

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