Edition:
United States

Sandnes Sparebank: One Of Bank's Corporate Customers To File For Bankruptcy


Tuesday, 20 Mar 2018 03:30am EDT 

March 20 (Reuters) - SANDNES SPAREBANK ::CONFIRMS THAT ONE OF THE BANK'S CORPORATE CUSTOMERS HAS.‍BOARDS OF DIRECTORS IN COMPANIES HAVE CHOSEN TO FILE HALVORSEN GROUP AND HALVORSEN OFFSHORE FOR BANKRUPSY​.‍BANK IS IN DIALOGUE WITH OWNERS TO ENSURE CONTINUED OPERATION OF OTHER COMPANIES IN GROUP.​.SAYS ‍LOAN ENGAGEMENT HAS BEEN IN DISTRESS FOR A COUPLE OF YEARS​.‍LOSS ESTIMATE FOR 2018 WAS 8 FEBRUARY 2018, ESTIMATED WITHIN A RANGE OF MNOK 50-90 FOR 2018​.