December 4, 2017 / 3:43 PM / 14 days ago

BRIEF-Supervisory Board Agrees To Securitization Of Bank BGZ BNP Paribas' Consumer Loans

Dec 4 (Reuters) - BANK BGZ BNP PARIBAS SA:

* ITS SUPERVISORY BOARD RESOLVES TO SELL, UNDER A SECURITIZATION TRANSACTION, LOAN RECEIVABLES ARISING FROM CASH LOAN AGREEMENTS, AND CAR LOAN AGREEMENTS

* TOTAL NOMINAL VALUE, AS AT SALE DATE, NOT HIGHER THAN 2.40 BILLION ZLOTYS

* PLANNED TRANSACTION IS AIMED AT A CAPITAL RELIEF

* TRANSACTION WILL IMPROVE STANDALONE CAPITAL ADEQUACY RATIOS

* IT ALSO IMPROVES LIQUIDITY POSITION OF BANK AND BANK BGZ BNP PARIBAS SA GROUP Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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