Finland, Sept. 5 -- Morrow Bank (the Bank) announced it has entered into a definitive agreement with Silver Point Capital, a leader in global credit investing, to sell a part of the Bank's non-performing unsecured loans (NPL) in Finland, representing a gross book value of approximately EUR 72 million. The transaction will reduce the Bank's NPL exposure risk, improve capital ratios and will not affect profitability. The transaction is expected to close before the end of Q3 2025.
Published by HT Digital Content Services with permission from Pivotal Sources....