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RSS FeedsBRAbank ASA: Taking action to reduce credit risk and re...
(WorldNews Norway)

 
 

20 february 2020 12:03:26

 
BRAbank ASA: Taking action to reduce credit risk and re...
(WorldNews Norway)
 


BRAbank ASA: Taking action to reduce credit risk and restore profitability Publish date: 20 Feb 2020 07:00Regulatory Highlights: Net loans at NOK 3 926 million, down from NOK 4 494 million in Q3`19 Capital constraints and sale of portfolio Net profit affected by significant one-offs NOK 88 million in extraordinary loan losses Restructuring costs of NOK 13 million New measures to improve capital adequacy in progress Equity issue of NOK 65-85 million approved Up to NOK 35 million in tier 2 bond issue Risk management is key priority for 2020 Reduced risk appetite, improved credit models Full effect from extensive cost program in 2020 BRAbank`s operations and growth continued to be negatively...


 
49 viewsCategory: General > Europe > Norway
 
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